Current market analysis (SOL current price around 145.00 USDT)
Multi-timeframe technical analysis
Daily chart analysis: Trend structure: Long lower shadow pin bar probing the bottom near 145, structural support is solid;
Indicator signal: SAR point shifts from bearish to bullish, the middle band of the Bollinger Band has not yet broken through, but there are signs of convergence;
K-line pattern: After forming an 'inverted V' top in the previous period, it is gradually constructing a 'W bottom' prototype. If it breaks above the neckline (around 148), a volume surge will follow;
Four-hour chart analysis: Support structure: The lower band of the Bollinger Band provides clear support, price stabilizes and consolidates around 145;
Pattern observation: A 'shrinking triangular consolidation' pattern has emerged, a trend change is imminent;
The oscillation range is gradually converging. If it stabilizes above 146.5, the short-term trend will completely reverse.
One-hour chart analysis: Bollinger Band: Bands are narrowing, the middle band is turning upwards, price is running close to the middle band;
K-line trend: Building a platform consolidation pattern, bullish strength is sufficient;
Volume: Shrinking volume in a sideways market waiting for a breakout opportunity, the main force may be waiting for a breakout signal.
Short-term strength is sufficient, and the technical aspect is about to face a directional choice, with higher probability towards the upside.
Operation type: Point level
Entry level 145.00
First take profit level 147.90
Second take profit level 149.35
Stop loss level 141.37
SOL is approaching a turning point, bullish momentum is gathering #sol #DOGE #TRUMP #ETH #sui $SUI $SOL $DOGE
