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 attempting a short-term bounce, but the broader structure remains bearish. Price ($103.36) is below the EMA26 ($105.31), EMA50 ($108.46), and EMA200 ($118.37), confirming a downtrend and overhead supply. RSI 41.37 is weak but not oversold, suggesting limited mean-reversion edge for a high-conviction long. MACD is still negative (line -1.77) but the histogram has turned slightly positive (0.06), indicating downside momentum is easing and a potential basing attempt. Bollinger Bands are tight (4.92% bandwidth) with price just above the lower band ($101.79), implying support is nearby but also warning of a volatility expansion risk. Recent candles show a sharp selloff into ~$100.11 followed by stabilization and recovery to $103.36 on above-average volume (1.45x), which supports a cautious “wait for confirmation” stance. Ideal trade plan: if already long, keep a tight stop below $99.80; if flat, wait for a reclaim of $105.30–$106.90 before buying.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and rallies may be sold into EMA resistance; key risk is a breakdown below ~$101.8 leading to a move toward $100/$98. Use a stop loss around $99.80 for any long exposure.
Market Context
Downtrend on higher timeframes with a short-term relief bounce from the lower Bollinger Band; market is in a potential basing/consolidation zone beneath major EMAs.