SOL
BUYConfidence Score
Signal Analysis
🎯 Take Profit Target
This is the primary price target for executing your trade. Place your take profit order at this level for optimal risk/reward based on current technical analysis.
Price Forecasts
Detailed Reasoning
SOL is in a short-term bearish structure (price below EMA12/26/50/200 and 24h down -5.75%), but the setup is now skewed toward a tactical mean-reversion bounce. RSI(14) at 26.43 signals oversold conditions, and price ($116.38) is holding just above the lower Bollinger Band ($113.99), suggesting downside may be limited near this support zone. Momentum is stabilizing: MACD line (-2.01) has crossed slightly above the signal (-2.05) and the histogram turned positive (0.04), indicating bearish momentum is fading and a rebound attempt is starting. Recent candles show a sharp selloff to ~$115.27 followed by consolidation between ~$116–$118, consistent with seller exhaustion. Volume is not capitulatory (0.72x average), so confirmation is moderate rather than strong; this keeps conviction just above threshold. Ideal plan is a tight-risk long against support: stop below the recent swing low and lower band, targeting a move back toward the middle band/EMA cluster near $119.8–$121.0 for a 1:2+ profile.
Key Factors
Risk Assessment
Moderate risk: trend is still bearish and price remains below all key EMAs, so any bounce can fail quickly. Key risks are a breakdown below $115.27 leading to continuation toward $114/$112 and lack of volume confirmation. Ideal stop loss: $114.80.
Market Context
Bearish short-term trend with price trading below EMA12/26/50/200, but market is stretched oversold and attempting to base above the lower Bollinger Band after a sharp impulse down.