🎙️【SOL Evening News｜Beijing Time August 4th, 8 PM】
Good evening, everyone. Let's take a look at the latest performance of SOL.
As of 8 PM tonight, the current price of SOL is around $164, with minimal fluctuations throughout the day. The intraday low reached $162.8, while the high surged to $166.5, overall indicating a weak consolidation.
From a technical perspective, the RSI indicator is around 44, with sentiment leaning towards neutral and weak; the MACD is still in a death cross structure, and bullish momentum has yet to materialize.
The price is currently suppressed below the EMA99 moving average, which is around the $165 mark, and has failed to break through multiple times, indicating that a short-term rebound still lacks effective support.
In terms of trading volume, the 24-hour trading volume is about $360 million, which is relatively low and comparable to the previous two days, with market sentiment largely on the sidelines.
📌 For trading strategies, consider the following:
• If you are aggressive, you can try a small long position around $162.8 to $163, but remember to set a strict stop loss below $160;
• If you are cautious, it is recommended to wait for the price to break through $166 with volume before considering a position;
• For those without a clear direction, it may be wise to patiently observe and wait for clearer signals before taking action.
🧠 In summary: SOL has not yet escaped the consolidation zone, direction remains unclear, and trading volume is the key to whether it can push higher in the future.
📣 If you want to grasp SOL's market trends at the first moment every day, remember to follow me and show your support with a like!
Share your strategy for tonight in the comments: are you betting on a rebound or continuing to watch? Let's discuss together!
