🚨The calm before the storm? SOL may ignite a new round of market movement! 🚀
Current SOL price is 184.18 USDT, slightly below the intraday high of 185.40, the market appears to be somewhat stagnant after a rapid rise. The short-term trend remains strong but faces consolidation risks.
📊 Core Highlights Analysis:
Trend still bullish: Price is above the 5-day and 10-day moving averages (184.37 and 181.96, respectively), overall structure remains healthy.
Buying pressure slightly strong but weakening: The order book buy-sell ratio is tending towards balance, buying pressure is slightly dominant but signs of weakening are evident.
MACD is narrowing positively, RSI cooling down to 56.43: Bullish momentum still exists, but the pace is slowing, and the risk of a bubble is decreasing.
Trading volume is slowing: The slowdown indicates the market is temporarily cautious, and attention should be paid to subsequent changes in volume.
🔮 Possible Directions:
Upside opportunity: If it can break through 185.40 with volume, the target may point towards 190 USDT.
Retracement risk: If it loses support at 184.15, it could retest 181.96 or even around 177.
Consolidation possibility: If volume does not cooperate, it may be trapped in the range of 181.96 to 185.40 in the short term.
✅ Strategy Suggestion:
Stay cautious, focus on the key breakthrough at 185.40 and changes in trading volume. In the short term, the tug-of-war between bulls and bears is intensifying, and the direction may become clear in the next round of volume increase.