🚀【SOL August 2nd Rapid Morning Report】
Good morning everyone, today is August 2nd, and it's 9 AM, time to update on the latest SOL market.
Currently, the SOL price is at $164, closing at $172 yesterday, with a 24-hour drop of over 5%. The intraday range has been lowered to $162.6.
Technically, the RSI has fallen from 59 to around 55, and the MACD remains in a bearish cross state, with no short-term rebound momentum yet. Trading volume has slightly increased, but the direction is uncertain.
From a structural perspective, $162.6 to $164 is currently the primary support. If it breaks down, we need to pay attention to the area below $160. On the upside, if SOL breaks out with volume from the $165 to $168 range, we can observe if a rebound starts.
📌 Summary in one sentence:
SOL is currently in a correction phase, lacking a clear direction, and any rebound will depend on whether it can achieve a structural breakout with accompanying trading volume. Maintain support while cautiously positioning, as a breakout would signal a turning point.
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Share in the comments: Are you planning to stay calm and buy low, or will you wait for signals before getting on board? See you in the comments!
