SOL Monthly Line Analysis: Adjustment Ongoing, Ready to Launch
The monthly line closes with a long lower shadow, a short upper shadow, forming a small bearish doji. The trading volume is basically flat compared to last month, indicating strong market hesitation. Although the MA30 moving average remains on an upward trend, and the price successfully retested this moving average in April to gain support, the MACD is showing increased bearish momentum above the zero axis, indicating that the monthly adjustment is not yet over. From a cyclical perspective, at least two more months of consolidation are needed before a new trend can emerge.
Daily Line Tug-of-War, Building Up for Breakthrough
The daily line forms a small bullish doji with long upper and lower shadows, with trading volume increasing by 80% compared to the previous day, indicating a moderate volume-up trend. Currently, the MA30 moving average is gradually flattening, and the MACD is showing continued bullish momentum after crossing the zero axis, indicating that the short-term rebound momentum is still ongoing. However, there is significant pressure above, and the price has entered a phase of tug-of-war between bulls and bears, requiring stronger momentum to push through.
Key Strategy: The monthly adjustment cycle is not over; short-term traders can pay attention to rebound opportunities at the daily level, but must be wary of the pressure above. If there is a subsequent increase in volume to break through key resistance levels, it could open up new upward space. Patiently wait for trend signals after the adjustment concludes.
