14692, the bigger the wind and waves, the more expensive the fish

As the popularity of Trumpcoin fades, this farce is also coming to an end, and the prices of Sol and others are also returning rapidly.

The current price of Sol is around 250, which has broken through the lower track of the Bollinger Bands in the 15-minute and 1-hour charts, which is usually a strong bearish signal, indicating that market sentiment is very pessimistic. . In the 4-hour chart, the lower track is even lower, at $191. This suggests that the market may be weaker than initially expected and prices may fall further.

In all three time frames, the K value and D value are at low levels, indicating that the market is oversold. However, since the price has broken through the lower track, this oversold state may continue for some time and may even fall further.

In terms of trading volume, the 24-hour trading volume was 11.6936 million SOL, and the transaction amount was 2.685 billion USDT. Despite the high trading volume, the price is still falling, which shows that the selling pressure is very strong.

It is expected that the price may continue to fall in the short term and may even test the lower track of $191 in the 4-hour chart. If the price is supported at this level, a rebound may occur.

For today's closing price, given the current downward trend, I expect the price may close between $230-240 unless new buying enters the market to push the price back up.

Only represents personal opinions, not investment advice. #SOL创新高 $SOL