SOL Market Analysis: Swing Opportunities in Weak Fluctuations
Current Trend: Three Consecutive Days of Decline Signal Weakness
The daily SOL chart shows a small bearish candlestick with a doji pattern, and trading volume has decreased by about 20%, maintaining normal volatility levels. Compared to BTC and ETH, SOL is performing weaker, showing a typical three-day decline pattern — the rebound high points are gradually moving down, and the strength of the rebound continues to weaken. The daily MA30 moving average is maintaining a downward trend, confirming that all current increases are of a rebound nature.
Operational Strategy in Fluctuating Patterns
The price is fluctuating in a range between $120 and $164, with the $142 midpoint becoming a dividing line for bulls and bears. It is recommended for investors:
To consider taking short-term profits when encountering resistance in the $156-$165 pressure zone.
To gradually build spot positions in the $142-$134 support range when there is a pullback.
If it drops near the strong support level of $120, it has a higher allocation value.
Risk Warning: Obvious Characteristic of Following Decline but Not Rise
Be cautious of the amplification effect of SOL when BTC declines. If the $120 support is effectively broken, it may further test $110. In the current market environment, SOL is more suitable for a swing strategy of "buying big on big drops, buying small on small drops" to prepare for potential market recovery in advance. Investors should strictly control their positions and pay close attention to the competition around the $142 midpoint line.
