How does Sol's prediction say about this wave? It has directly taken off, reaching the position of 205 at noon from Old Wang's prediction of 195. This prediction was mentioned by Old Wang earlier at dawn.
The overall price of the currency shows an upward trend, continuously hitting new highs, gradually climbing from relatively low levels. Especially recently, there has been a strong upward movement, with prices rapidly rising to a high of 205.86, indicating that bullish forces are dominant.
Moreover, the K-line is primarily composed of bullish candles, with long bullish candle bodies, indicating that the bulls are taking the initiative in trading and continuously pushing the price upwards.
The middle band of the Bollinger Bands has played a significant support role during the price rise. Whenever the price falls close to the middle band, it is able to find support and rise again, indicating that the middle band is an important support level in the current market, reflecting that the bulls are actively defending this position.
Additionally, a recent wave of upward movement has caused the price to break through the upper band, and after the breakthrough, it continues to expand upward space, showing strong bullish power with the momentum to push prices higher.
Although the current market shows a clear bullish trend, it is necessary to pay attention to some potential risks:
The rapid price increase in the short term may lead to overbought conditions in indicators, triggering a pullback. Attention should be paid to whether indicators such as the Relative Strength Index (RSI) have entered the overbought zone.
Although the price has broken above the upper band, the upper band may turn into a resistance level in the future. If the price cannot effectively stabilize above the upper band, a pullback and consolidation may occur.
Overall, the current market shows a strong bullish trend with the bulls in control, but investors also need to be aware of potential risks and manage their positions rationally. $SOL #国产概念币集体爆发
