Recently, the price of SOL has fluctuated downward, hovering around the middle track of the Bollinger Band. The MACD short-selling momentum has weakened but is still negative, and the market sentiment is cautious. In the short term, the market is trading sideways, volatility is reduced, and there is a high probability that it will continue to fluctuate in the range, or test the support of the lower track of the Bollinger Band 122.
In terms of K-line pattern, the waist-catching line suggests that the long-short game is fierce, the black three soldiers confirm the downward trend, and the price falls after the top pattern. The Bollinger Bands show that the market volatility has decreased, and the price is consolidating on the middle track waiting to break through. The MACD histogram alternates between red and green, and the market lacks momentum and maintains consolidation.
Overall, SOL will be repaired after a sharp drop and consolidation. In the long run, you can build a position at the bottom near 122, with a target of 160.