Sol Coin 4-Hour K-Line Analysis: Accelerated Surge Under Bullish Control, Beware of Overbought Pullback Risks
Currently, Sol Coin is in a one-sided oscillating upward structure, with the price starting from a low of $141.43 on June 7, and reaching a peak of $167.44 (+18.4%) within 4 trading days, forming a strong pattern of “bullish alignment of moving averages + BOLL band opening expansion”. The short-term moving averages (7MA/30MA/154EMA) are showing a “waterfall line” divergence, indicating continuous capital chasing the rise, with strong bullish control.
After stabilizing at the mid-track ($156.67), the price accelerated upward, currently running close to the upper track ($164.53), with the Bollinger Band width expanding, suggesting an increase in volatility, and in the short term may test the previous high resistance of $167.44, with a target of $172-175 after breaking through (previous high + upper track extension).
The 6/12/24 period RSI is oscillating at a high level in the 70-72 range, although it has not seriously entered overbought territory, the price has reached a new high while the RSI has not synchronized with a new high, thus caution is needed regarding the technical pullback caused by the “volume-price divergence” (retesting the mid-track $156.67 or lower track $150.38).
The bullish candlestick bodies are generally accompanied by volume (especially the large bullish candlestick on June 11), and there is no divergence in the volume-price relationship, indicating that short-term bullish momentum has not yet exhausted.
Core Logic: Currently in an accelerated surge phase, sentiment dominates more than fundamentals, closely monitor the volume and key moving average support, and beware of the typical capital game trend of “sharp rise followed by sharp fall.”
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