SOL Weekly Trend: Strengthening Breakthrough Imminent
The weekly chart of SOL shows a consolidation pattern following a bullish candle with a doji and a small bearish candle, while trading volume remains stable. Although the weekly MA30 is still in a downward trend, the price has broken through this moving average resistance, and the MACD continues to release bullish momentum signals below the zero axis. The current technical setup indicates that SOL has the potential to challenge the $185-$200 range, and a breakout above the upper edge of the red box may open up new upward space.
SOL Daily Observation: Solidifying the Bottom, Brewing an Offensive
On the daily chart, SOL formed a small bullish candle with upper and lower shadows, with trading volume moderately increasing but still within a healthy range. Notably, the daily MA30 has transitioned from a decline to a flat trend, and the MACD, after bottoming out below the zero axis, has begun to show upward momentum. The price oscillates around the MA30, repeatedly testing the daily MA120 moving average with effective support, indicating that the market is constructing a solid bottom platform. As technical indicators gradually recover, SOL is expected to follow the market in launching a new round of upward movement.
