Is a short-term storm coming for SOL? The bulls and bears are in fierce battle, today may determine the life and death line of the outlook!
From the linkage of the 4-hour and 1-hour charts, today's outlook is full of suspense, but opportunities are also hidden in the fluctuations:
Short-term structure interpretation (1 hour)
The price just pierced the middle Bollinger band and fell back, short-term bullish rebound is hindered.
The MA5/MA10 death cross has formed, suppressing the rebound, and there is still some pressure in the short term.
The short-term support below is near 170.3, and if it holds, there is still a possibility of a second upward push.
Current SOL quote: 172.45
Medium-term structure analysis (4 hours)
The price was blocked in the 175 area last night and broke below multiple moving average supports, indicating strong resistance above.
The Bollinger bands are narrowing with fluctuations, but the middle band is still pressing down, and the medium-term fluctuation remains bearish.
Short-term structure interpretation (1 hour)
The price just pierced the middle Bollinger band and fell back, short-term bullish rebound is hindered.
The MA5/MA10 death cross has formed, suppressing the rebound, and there is still some pressure in the short term.
The short-term support below is near 170.3, and if it holds, there is still a possibility of a second upward push.
Current SOL quote: 172.45
Medium-term structure analysis (4 hours)
The price was blocked in the 175 area last night and broke below multiple moving average supports, indicating strong resistance above.
The Bollinger bands are narrowing with fluctuations, but the middle band is still pressing down, and the medium-term fluctuation remains bearish.
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SOL
170.24
-3.71%
BTC
107,514
-1.50%
ETH
2,634.13
-0.74%