SOL Daily Level Analysis October 24 10:39am

1. Current Price: SOL price is $174.86 (approximately NT$5606.01), with an increase of 5.03%.

2. EMA Indicators:

EMA(7) (7-day Exponential Moving Average) is $166.58, the current price is significantly above EMA7, indicating a strong short-term trend.

EMA(25) is $155.53, suggesting a robust medium-term upward trend.

EMA(99) is $148.95, the long-term trend remains in an upward channel.

3. MACD Indicators:

DIF is 6.81, DEA is 4.49, and MACD is 2.33, indicating strong bullish momentum in the market, which is continuously increasing.

The green bars have turned red and are expanding, suggesting that bulls are dominant, with significant short-term upside potential.

4. RSI Indicators:

Current RSI(6) is 84.39, in the overbought zone, indicating potential short-term pullback pressure, and caution is advised against short-term price corrections.

5. Trading Volume (Vol): The trading volume shows high market activity, with a recent 24-hour trading volume of 494,440 SOL, indicating strong trading interest.

Support and Resistance Levels:

Support Level: The short-term support level can be referenced at $167.39, this position is a recent low and a potential support area during the upward trend.

Resistance Level: The resistance level is near $193.98, a previous high point; if broken, there may be further upward movement.

Buy and Sell Price Suggestions:

Buy Price: If a pullback opportunity arises in the short term, consider buying near $166.58, as this price level is close to EMA(7) and has strong support.

Sell Price: If the market continues to rise, consider selling near $193.98 in the short term, as this is a resistance level likely to form at recent highs.

Take Profit and Stop Loss Suggestions:

Take Profit Level: If the price breaks above $180, consider setting the take profit at $190~195, close to the previous high resistance area.

Stop Loss Level: If the price pulls back, set the stop loss near $166, which is the position of EMA7 and a strong support area; if it breaks below, it may decline further.

In summary, the current market is in a strong upward trend, but RSI indicates a significant overbought risk, and there may be a need for short-term adjustments; close attention to the performance of support and resistance levels is advised. $SOL