Currently, from the K-line pattern, after a significant decline, Sol has experienced a period of consolidation nearby, and recent K-lines show signs of price rebounding upwards.
From the perspective of the Bollinger Bands, the previous sharp price drop caused the bands to widen, and recently, with the price oscillation, the bands have narrowed to some extent.
If the coin price continues to rise and effectively breaks through the upper Bollinger Band at 193, accompanied by an increase in trading volume, then the market may maintain an upward trend in the short term, with subsequent target levels to pay attention to some resistance levels from earlier, such as around the previous high of 213. However, during the upward process, it is important to monitor whether the volume continues to support the movement; if the volume is insufficient, there may be a situation where the upward momentum weakens and a correction occurs. $SOL #加密市场回调
From the perspective of the Bollinger Bands, the previous sharp price drop caused the bands to widen, and recently, with the price oscillation, the bands have narrowed to some extent.
If the coin price continues to rise and effectively breaks through the upper Bollinger Band at 193, accompanied by an increase in trading volume, then the market may maintain an upward trend in the short term, with subsequent target levels to pay attention to some resistance levels from earlier, such as around the previous high of 213. However, during the upward process, it is important to monitor whether the volume continues to support the movement; if the volume is insufficient, there may be a situation where the upward momentum weakens and a correction occurs. $SOL #加密市场回调
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SOL
202.76
-5.18%
ETH
4,355.39
-3.17%