Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
#SOL Недавние SOL charts show warning signs. From the point of view of technical analysis, it is likely that the 20-day EMA crossed the 50-day EMA, forming the so-called "bearish alignment". This move is often seen as an important signal of a weakening of the medium-term trend. In this case, even if price rebounds, it is likely to encounter layers of resistance from these moving averages, making it difficult to break out to the upside.
From the perspective of the momentum indicator, the relative strength index (RSI) on the daily chart ( continues to oscillate below the neutral level of 50, even approaching the oversold zone at the level of 30. However, in the context of a downward trend, such a situation can often merely reflect market weakness and should not be seen as a straightforward reversal signal. In fact, it is not uncommon for the RSI to oscillate in the oversold zone for an extended period, so it should not be easily interpreted as a precursor to a rebound.
Overall, the short-term dynamics of SOL are facing significant pressure. Investors should closely monitor behavior in the range of 205 to 207.5; if a breakout proves difficult, further declines to support levels at 202.5 or even around 198.0 may occur. In the current market conditions, investors should remain cautious, carefully track market changes, and manage risks effectively.