August 28 Evening SOL Strategy

SOL is currently in a range-bound oscillation, with a complex situation of bullish and bearish signals in the technical analysis. On one hand, the bullish arrangement of the moving average system and the golden cross indicate a clear bullish trend signal; on the other hand, the shrinking trading volume and the RSI being in an overbought state impose significant restrictions on the upward potential. The price is currently nearing the strong resistance level of 216.49, and attention needs to be paid to whether it can break through to confirm the upward trend. If it fails to break through, it may face the pressure of a pullback.

Operation Suggestion:

215±2 range, target is up to individual discretion, strict defense! $SOL