🎙【SOL Morning Report】
Hello everyone, it is now 9 AM Beijing time on August 4th, let's take a look at SOL's performance last night.
🧾Core Data Review
•Current Price: Approximately $161.0, an increase of over 3% from yesterday's low of $156.4. Highest at $162.8, lowest at $156.4, with an overall fluctuation of about $6.4.
•Trading Volume: 24-hour trading volume is approximately $380 million, slightly increased but buying and selling forces have not yet directed.
📈Technical Indicators & Market Sentiment
•RSI (16) is around 41, in a neutral to oversold zone, with potential for a short-term rebound.
•MACD still shows a death cross, and recent rebound momentum has not yet formed.
•Price Structure: Currently at an extremely low short-term level, but has not broken below the 50-day and 200-day moving average support, where the 50-day moving average is approximately $161.5.
💎Support and Resistance Reference
•Short-term Support Zone: $156 to $157 is a key defense line, if broken, it may drop to $155 or even $150.
•Upper Resistance Zone: $162.4 to $165 is resistance, if broken with trading volume, pay attention to the elasticity space of $168 to $170.
💡Operational Advice Direction:
•If you are an aggressive type, consider trying a short-term rebound with light positions in the $156 to $157 area, setting a stop-loss below $154, targeting the $162 to $165 area.
•For conservative users, it is recommended to wait for SOL to break through the $165 area with increased volume before positioning.
🧠SOL is currently in an extremely oversold low consolidation area and has not yet returned to a common structure. The rebound needs to see if trading volume and key pressure can work together to break through.
📌Feel free to like and follow, so you won't miss the key market trends every morning and evening. In the comments section, say: Are you planning to buy low for a rebound, or continue to wait for direction confirmation? Let's chat together!
