SOL
SELLConfidence 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 showing a high-probability mean-reversion risk after a sharp drop: RSI(14) at 77.03 is overbought despite the broader trend being bearish and price sitting below key longer EMAs (EMA26 107.47, EMA50 110.73, EMA200 119.79). This typically signals a relief-bounce/short-squeeze that is losing sustainability rather than a durable reversal. MACD remains negative (line -2.02), and while the histogram is positive (0.68) indicating short-term bounce momentum, it is occurring under major resistance zones. Price is also near the upper Bollinger Band (108.59) after a -9.42% 24h move, increasing the odds of rejection back toward the mid-band (104.84) or lower band (101.09). Volume confirmation is notably weak (0.05x of 20-period average), implying the bounce lacks participation and is vulnerable to another leg down. Ideal short entry is near 106–108 on rejection; stop loss above 109.20 (above upper band/resistance). Take profit targets center on the mid/lower band supports.
Key Factors
Risk Assessment
Moderate-to-high risk due to elevated volatility after a large 24h drop; short squeezes are possible because RSI is high. Key risk is a breakout above 108.6–110.7 (upper band/EMA50) invalidating the short thesis.
Market Context
Bearish structure: price below EMA26/50/200 with a likely relief bounce into resistance; near-term consolidation with downside bias unless 108.6–110.7 is reclaimed on strong volume.