🎙 $SOL Evening Market Report | August 8th, 19:30
Good evening, everyone. Below is an accurate SOL market report.
Core Data
• Current price is approximately $174.4, up about 3.7% compared to yesterday, and the market continues to trend upwards in a short-term fluctuation.
• Intraday fluctuation range: lowest $166.73, highest $175.69, with a range of about $9.
Technical Trend Overview
• RSI has risen to the neutral to strong zone, with continued short-term momentum.
• If MACD has crossed bullishly, it will confirm the bullish initiation; otherwise, remain cautious of unclear directional risks.
• Price continues to operate above key moving averages (such as EMA20/50), with a bullish structure.
• If combined with significant trading volume, it will further confirm the rebound pattern.
Support and Resistance Reference
• Support level: approximately $172 to $173, short-term pullbacks here still show buying strength.
• Resistance level: currently assessing $175 to $177; once it breaks out with volume, the next focus will be on the $180 integer level as a target extension.
Concise Trading Suggestions
• Aggressive traders: can attempt to go long with light positions in the $173 to $174 range, with a stop loss set below $171, targeting $177 to $180;
• Conservative players: it is recommended to wait for the price to break above $177 and confirm with volume before entering long;
• Wait-and-see type: the current rhythm is relatively strong, it is advisable to patiently wait for confirmation of structure and volume before taking action.
Summary in One Sentence:
SOL continues its rebound trend today, but above $726, attention must be paid to confirm with volume; otherwise, be cautious of possible pullbacks.
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Leave a comment to let me know: Are you lightly positioning tonight or waiting for direction confirmation before entering the market?
