$SOL hour price is close to the upper Bollinger Band, and the short-term rebound is a recovery from an oversold condition. The daily bearish trend has not been reversed; the fundamentals are impacted by FTX sell pressure, declining ecosystem activity, and increasing competition, leading to cautious market sentiment. In the short term, there is a high probability of maintaining fluctuations, with resistance from the upper Bollinger Band and support below. After fluctuations, there is a risk of further declines. In the medium to long term, if negative factors persist, a downward trend may continue. A rebound could occur with the release of positive news, but breaking through key resistance will be challenging.
Operational Suggestions
For long positions, reduce holdings if encountering resistance near 152.69, lightly attempt short positions, set stop loss above 153, and target 149 - 147.