SOL

April 7, 2025 Morning Insights

From the hourly chart, the Bollinger Bands open downward, corresponding to a range of 122.3-100.3. The middle band is trending downwards at a price of 111.3, and the current coin price is at the lower Bollinger Band.

The 5-day moving average and 10-day moving averages for 30, 60, and 120 are arranged in descending order from bottom to top. The closing price corresponding to the 5-day moving average is 1580, and the closing price corresponding to the 10-day moving average is 1588. The market is entering a one-sided decline, with support in the range of 100-101.

The MACD fast and slow lines have crossed to form a death cross moving downward, with bearish volume weakening and the market oscillating.

The RSI has crossed to form a golden cross moving upward, corresponding to values of 52.9-28.6, indicating a rebound trend.

From the volatility perspective, SOL's low point yesterday was at 117.5, with a secondary low point of 114.3, breaking below the previous low and entering a one-sided decline.

There is a price resistance level at 113 above, and a support level at 101 below. Currently, from the candlestick chart, it shows a one-sided declining market.