SOL Market Trend Analysis 20250503 - Day 594

The daily line shows a small bearish candle, still maintaining its own rhythm. Trading volume has remained relatively low.

The daily MA30 line maintains an upward trend, and the MACD shows a continuous weakening of upward momentum near the zero line. The fast and slow lines are about to cross, and if the price oscillates here, the daily level adjustment will continue.

The daily level adjustment will primarily be characterized by oscillation. If a decline occurs, the daily MA30 line will be a good entry point, with the price around 135. If it retraces without breaking the MA30 line, the new upward trend at the daily level can be confirmed.

Since the rebound at the weekly level for Bitcoin has been established, any pullbacks in SOL present good opportunities for entry and accumulation.

The short-term targets are set at three levels: 160-170-180. SOL's larger cycle will still experience major fluctuations in the range of 120-180, waiting for a main upward wave after establishing a bottom.

Daily level resistance at 160-172-183-204, support at 139-127-112-98-82.