SOL is still oscillating within the range, but the structure has clearly turned bearish.
Bullish volume continues to weaken, with each rebound being weaker than the last. Multiple attempts to test the midline on the hourly chart have failed to hold, unable to push higher, which is the clearest bearish signal.
On a smaller timeframe, the MACD shows a dead cross below zero, indicating that bearish momentum is re-accumulating. This pattern often signals the start of a new downward move.
The market is not showing signs of a breakout with accumulated energy, but rather fatigue after a high-level consolidation. The 86–90 range is a high-risk, high-reward zone. The first target is around 80; if broken, the next support levels are 75 and 70.
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SOL is still oscillating within the range, but the structure has clearly turned bearish.
Bullish volume continues to weaken, with each rebound being weaker than the last. Multiple attempts to test the midline on the hourly chart have failed to hold, unable to push higher, which is the clearest bearish signal.
On a smaller timeframe, the MACD shows a dead cross below zero, indicating that bearish momentum is re-accumulating. This pattern often signals the start of a new downward move.
The market is not showing signs of a breakout with accumulated energy, but rather fatigue after a high-level consolidation. The 86–90 range is a high-risk, high-reward zone. The first target is around 80; if broken, the next support levels are 75 and 70.