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 clear short-term downtrend (price below EMA12/26/50/200), but the setup is now strongly mean-reversion biased. RSI(14) at 24.22 signals deeply oversold conditions, and price ($115.13) is trading near the lower Bollinger Band ($113.76) after a sharp -6.75% 24h drop—often a zone where bounces initiate. The 01:00 candle shows a capitulation-style flush to $112.07 followed by a recovery back to ~$115, and this move is confirmed by high volume (2.52x average), suggesting sellers may be exhausting. MACD remains negative (line -2.11 below signal -2.06) with a small histogram (-0.05), indicating bearish momentum is still present but potentially stabilizing. A tactical long is favored only for a rebound toward the mid-band/EMA cluster; risk is controlled with a tight stop under the capitulation low. Ideal stop loss: $111.80.
Key Factors
Risk Assessment
Moderate-to-high risk: broader trend is bearish and MACD is still negative, so the bounce can fail quickly. Key risks are a breakdown below $113.76 (lower band) and especially $112.07 (recent low), which could trigger a continuation selloff.
Market Context
Bearish market structure (lower highs/lows) with price trading below all major EMAs; current conditions point to an oversold relief-rally setup rather than a confirmed trend reversal.