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 ($101.64) is below the 12/26/50/200 EMAs (103.8/105.72/108.93/118.68), confirming a downtrend with overhead supply. Momentum is stretched, however—RSI(14) at 28.87 signals oversold conditions, and price is trading below the lower Bollinger Band (lower $102.03), which often precedes mean-reversion bounces. MACD remains negative with the line slightly below the signal (histogram -0.02), suggesting bearish momentum is weakening but not yet reversing. Recent candles show a sharp selloff from ~104–106 into ~100–102 with elevated volume during the drop (notably 14:00–15:00), implying capitulation risk but also potential for a short-term bounce. Order book shows heavier ask size than bid, hinting at near-term resistance. Given the oversold setup but lack of confirmed reversal (no MACD cross / reclaim of key EMAs), the best play is to HOLD and wait for confirmation. Ideal stop loss for any tactical long attempt would be below $99.80; confirmation would be a reclaim of $104.44–$105.70.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and rallies may be sold into; downside continuation remains possible if $100 breaks. Volatility is manageable (ATR $1.67) but liquidation-style wicks can occur near oversold levels.
Market Context
Bearish market structure with a recent impulsive leg down into the $100–$102 support zone; conditions are oversold, favoring consolidation or a relief bounce, but trend control remains with sellers until $104.44–$105.72 is reclaimed.