$SOL ‌Current price: $141.87



Direction: Bearish

Reasons:

1. Main players are reducing their positions. Although it increased by 0.85% in 24 hours, there is a lack of sustained capital support, increasing the risk of a subsequent decline.

2. The 1-hour MACD (9,26) shows signs of forming a death cross, indicating bearish momentum is gradually strengthening and the short-term trend is weakening.

3. RSI(14) is in the neutral range, not overbought, but the bulls lack momentum, making it difficult to push the price higher.

4. The price hasn't held above key moving averages, and trading volume hasn't expanded accordingly. The upward trend is weak and a pullback is likely.

Support levels:

1. $138.0 (recent swing low, certain support)

2. $135.0 (previous consolidation range, strong support)

Resistance levels:

1. $144.5 (24H high, difficult to break in the short term)

2. $146.0 (recent resistance level, obvious pressure)

Suggested take profit: $138.0, stop loss: $144.5
SOL-4.79%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)