#sol
Based on the current SOL technology analysis, the following trading strategies are provided:
Short-term strategy (1-4 hours):
🔴 Bearish operation
Price is running below all EMA moving averages (EMA12: 187.38, EMA20: 188.31, EMA55: 191.25)
Super Trend indicator continues to show bearish signals
RSI at 43.28, in the weak range
It is recommended to short in the 188-188.5 area, with a stop loss at 189.5 and a target of 185-186
Medium-term strategy (daily):
🟢 Buy on dips
Daily Super Trend changes to bullish signals
MACD histogram turns positive, indicating improved momentum
Large holders' positions reach new highs (5224 wallets holding >10,000 SOL)
A pullback to the 180-182 area can be used for gradual accumulation
Key news:
📈 SEC postpones SOL ETF approval to October 16
🚀 Alpenglow upgrade proposal shortens confirmation time to 150 milliseconds
💰 Institutions continue to increase holdings, DeFi Development Corp adds 110,000 coins