SOL
HOLDConfidence 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 bearish structure: price ($105.11) is below the 12/26/50/200 EMAs (105.68/108.52/111.95/120.54), confirming a downtrend with overhead resistance stacked above. Momentum is attempting to stabilize: RSI(14) at 35.41 is near oversold, and MACD remains negative but the histogram is positive (+0.67) with the MACD line (-2.85) above the signal (-3.52), suggesting bearish momentum is fading and a short-term relief bounce is possible. Price is also below the Bollinger midline ($107.45) but not at the lower band ($97.27), implying downside room remains if support breaks. However, the 24h drop (-11.35%) combined with extremely weak participation (volume ratio 0.1x) makes any rebound signal unreliable; rallies without volume often fail into EMA resistance. Best action is to HOLD/stand aside until either (1) a reclaim of $107.5–$108.5 with rising volume confirms reversal, or (2) a breakdown below ~$101–$100 confirms continuation. Ideal stop loss for any speculative long attempt would be $99.80; for a short, invalidation above $109.20.
Key Factors
Risk Assessment
Moderate-to-high risk: volatility elevated after an -11.35% day, with low volume increasing whipsaw risk. Key risks are a continuation flush toward $100/$97 support or a sharp short-covering bounce into $108–$112 resistance.
Market Context
Bearish market structure with potential short-term basing; price consolidating around $105 after a sharp selloff, but still below major resistance zones (EMA26/EMA50 and BB midline).