SOL Weekly Chart Shows Oscillation and Accumulation, Trend Reversal Still Requires Patience

The weekly chart for SOL has formed a small bullish candle with long upper and lower shadows, and trading volume has significantly increased by over 50% compared to last week. The overall pattern presents an alternating oscillation of rises and falls, indicating a relatively healthy trend but not yet forming a strong one-sided market. Currently, the weekly MA30 is still in a downward trend. Although the MACD has crossed above the zero line, a true trend reversal still requires the MA30 moving average to turn upward. It is expected that in the coming weeks, a wide range of oscillation will continue.

Daily Chart Pulls Back After a High

On the daily level, SOL quickly retreated after briefly rising to 209, failing to hold the critical psychological level of 200 USD. As prices continue to weaken, the daily MA30 moving average is gradually flattening, and the MACD shows diminishing upward momentum near the zero line, indicating a potential further downward adjustment in the short term. Although the daily MA30 may provide a short-term rebound opportunity, the strength is expected to be limited. Stronger support is located around the daily EMA52 (approximately 155) and MA120 (approximately 142), and these two positions are likely to become important defensive areas for bulls.

Key Levels Reminder: Grasp the Rhythm Within the Oscillation Range

The upper range of 200-209 constitutes a short-term resistance zone, and new upward potential can only be opened after a breakout; the lower focus is on the support range of 155-142, where a stabilization could lead to a stronger rebound. Investors in the current oscillating market should maintain patience, waiting for high-probability trading opportunities after confirming key levels, while also being alert to the risk of increased market volatility.

#加密市场回调 $SOL