SOL Morning Market Analysis

SOL followed the broader market to fluctuate and rebound yesterday, reaching a high of $87.45, then quickly falling back, ultimately closing at $83.34, with the 24-hour gain narrowing to 5.33%. The rebound lacked volume support, and the daily candle shows a long upper shadow, indicating strong selling pressure above, with bullish momentum clearly exhausted, continuing the overall weak oscillation pattern.

The price remains in a clear downtrend, with the 4-hour MACD indicator operating in negative territory, signaling continued bearishness; RSI is in a neutral to slightly strong zone, lacking sustained upward momentum, and the short-term rebound appears more like a trap. The $85.5–$86 range is a strong resistance zone, including the 50-day moving average and previous resistance levels, making a breakout very difficult. The $82.5 level is a short-term support; if broken, the price could quickly drop toward the $80 mark, and further breakdown would open more downside space.

Thursday midday trading suggestion: lightly short in the $86–$86.5 range, with a stop-loss set at $88; if the price rebounds near $86.5, add to the short position, targeting $82.5, with a further break aiming at $80.

- Spot: Do not consider low buying for now, wait until around $80 for further observation, and be sure to control position size and strictly set stop-losses. #加密市场回升 $SOL