Dangerous sideways phase – the trend can break at any time. SOL is showing signs of weakness after several sessions of struggle around the resistance zone of 153–155. Currently, the price is trading at 147.85, within a thin Ichimoku cloud, indicating the market is in a state of hesitation, easily influenced by news or technical breakout.
Below are notable signals:
1. Ichimoku Cloud
• Price is entering a thin cloud area, indicating a lack of direction in the short term.
• The cloud ahead is starting to turn red → a warning signal of downside risk.
• Tenkan and Kijun are flat, not supporting a return to bullish momentum.
2. EMA (9–34–89)
• Price is between EMA 34 and EMA 89, testing the support zone of EMA 89.
• If it breaks 145 (EMA 89), the likelihood of forming a downward trend is high.
• EMA 9 is pointing down → short-term selling pressure is still strong.
3. Bollinger Bands (BB 20,2)
• The BB band is narrowing → signaling strong volatility is coming.
• Currently, there is no clear expansion or breakout.
4. Momentum indicator
• Stochastic RSI: both frames are giving deep oversold signals, a technical rebound may occur.
• MACD: negative histogram, MACD line is below Signal → still a bearish signal, but approaching the equilibrium zone.
Summary:
SOL is in a 'dangerous sideways' zone, any scenario can happen. If it breaks EMA 89, the short-term target is the zone of 141–142. Meanwhile, if it holds firmly at 145 and bounces back strongly, the zone of 151–155 will continue to be a key resistance.
Note: This is a personal opinion, not investment advice. It is necessary to combine volume, market news, and risk management when trading.
