The SOL four-hour level is brewing for a trend change!
The current price of $145.55 is closely touching the lower Bollinger Band at $142.17, which is a crucial position. The Bollinger Bands are overall narrowing (upper band at $152.61, middle band at $147.39), indicating that the market is about to choose a direction. Although it dropped by 0.96% today, the MACD indicator is showing a turnaround: DIF -1.55 is about to cross above DEA -1.51, and a golden cross is imminent, signaling a bullish counterattack.
The three RSI lines are in the 44-46 range, indicating neither overbought nor oversold conditions, showing that market sentiment is highly cautious. Pay close attention to two price levels: the upper middle band resistance at $147.4; breaking through here could lead to $152; the lower support at $142; breaking below this could test the $140 integer level.
Trading advice: Aggressive traders can set small positions in the $143-$145 range, with a stop-loss below $141, aiming for a rebound after the MACD golden cross; conservative traders are advised to wait for a clear breakout of the middle band or a retest of $140 without breaking before entering. Remember, breakouts after the Bollinger Bands narrow are often very violent, so be ready!
Blindly going solo will never bring opportunities, click on my avatar to follow me, and I will guide you in exploring tenfold potential coins! Top-tier first-class resources!
