🎙️【SOL Evening News · August 6th, 8:00 PM】
Hello everyone, here is the latest market performance of SOL.
📉 Price Performance
• The current price of SOL is approximately $164, down about 3.2% compared to yesterday's closing price ($169.42).
• Yesterday's trading range was from $161.29 to $169.46, with an overall volatility of about $8.2.
📊 Technical Indicators
• RSI (30 minutes) is approximately 44.7, showing a bearish trend with weakened buying pressure.
• MACD remains in a death cross structure, with no reversal signal observed in the short term.
• Trading volume has increased by about 23% compared to the previous period, but with the price declining, the main force has not yet reversed the structure.
🔍 Key Support and Resistance Levels
• The support range is between $161 and $162; if this breaks, the next target is the $155 to $160 area.
• Short-term resistance is concentrated around $171; if there is a volume breakout, observe the rebound potential towards $175 to $180.
📌 Trading Recommendations
• Aggressive: You can short near $162 with a light position, setting a stop-loss above $164, targeting $160 to $158.
• Conservative: It is recommended to wait for a volume breakout near $171 before entering, to avoid chasing high prices.
• Wait-and-see: The current structure is weak, it is advised to hold coins and observe first, then decide on actions after clear breakout or reversal signals appear.
🧠 Summary in One Sentence:
The current structure of SOL is weak; after a sharp drop, a correction confirmation is needed. The direction should wait for a breakout above $171 with accompanying volume, or a test of the $161 support again.
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