The recent trend of SOL still needs to be analyzed from several key levels. The middle band of the Bollinger Bands is set at 138.20, and currently, the price is at 138.74, right on this line. This middle band is quite important and usually acts as support. The key is whether the price can hold after retesting the middle band; if it can, that would be interesting.
The MACD performance is currently moderate. Although a slight death cross has appeared, the green bars have not expanded significantly, indicating that the downward momentum is not particularly strong. If the DIF turns upward and forms a golden cross with the DEA, or even if the price declines but the MACD green bars narrow and red bars start to appear, these are good signals for a long position.
In terms of trading strategy, in the short term, focus on the retracement opportunities between 136-132, and keep an eye on the resistance zone between 143-153.
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.
8 Likes
Reward
8
6
Repost
Share
Comment
0/400
GraphGuru
· 17h ago
Sol is now relying on the 138 line. If it holds steady, there’s hope; if it breaks, it’s time to cut losses and wait for a low buy-in.
View OriginalReply0
RuntimeError
· 01-13 03:57
The 138 level is a bit stuck; the death cross has appeared but the green bars haven't expanded. It feels like a struggle... It only counts if it can hold steady on the pullback; otherwise, it's just a fake-out.
View OriginalReply0
AlphaLeaker
· 01-13 03:56
138 this level won't die, if the MACD green histogram truly narrows, I'll dare to buy in. Stop shouting about death crosses all day, isn't it annoying?
View OriginalReply0
CryptoDouble-O-Seven
· 01-13 03:54
The position at 138 feels a bit shaky; it depends on whether it can hold steady, or else it will be awkward.
View OriginalReply0
PortfolioAlert
· 01-13 03:45
This move of SOL still depends on whether the midline can hold steady; otherwise, it's just a false alarm.
The fact that the MACD green histogram hasn't expanded is indeed okay, but waiting for the golden cross is a bit torturous.
If it really drops below 132, I might have to get in.
View OriginalReply0
OvertimeSquid
· 01-13 03:37
Bollinger Bands hugging the middle band closely. If this wave can stabilize, I’ll believe it; otherwise, it’s just another trick.
The recent trend of SOL still needs to be analyzed from several key levels. The middle band of the Bollinger Bands is set at 138.20, and currently, the price is at 138.74, right on this line. This middle band is quite important and usually acts as support. The key is whether the price can hold after retesting the middle band; if it can, that would be interesting.
The MACD performance is currently moderate. Although a slight death cross has appeared, the green bars have not expanded significantly, indicating that the downward momentum is not particularly strong. If the DIF turns upward and forms a golden cross with the DEA, or even if the price declines but the MACD green bars narrow and red bars start to appear, these are good signals for a long position.
In terms of trading strategy, in the short term, focus on the retracement opportunities between 136-132, and keep an eye on the resistance zone between 143-153.