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 trading at $101.3, sitting just above the lower Bollinger Band ($101.04) with RSI(14) at 33.54, indicating near-oversold conditions and a potential short-term bounce zone. However, trend and structure remain bearish: price is below EMA12 ($102.98), EMA26 ($104.78), EMA50 ($107.93), and especially EMA200 ($118.03), showing a stacked bearish EMA alignment and overhead resistance. MACD is at -1.8 with the signal also -1.8 and a flat histogram (-0.0), suggesting downside momentum is no longer accelerating but there is not yet a confirmed bullish reversal. Recent candles show a sharp selloff (to ~$100.11) followed by weak stabilization, and the current volume is extremely low (0.18x average), reducing confidence in any breakout or reversal attempt. With low participation and heavy overhead resistance near $104–$106.9, the best play is to wait for confirmation (reclaim of $103.96/$104.78 on rising volume) before buying, or a clean breakdown below $101.0 before selling aggressively. Ideal stop loss (if attempting a tactical long): $99.80.
Key Factors
Risk Assessment
Moderate-to-high risk: bearish trend increases drawdown risk if $101.0 breaks; low volume raises whipsaw risk. Key downside level is ~$101.0 then $100.1; upside capped by $104–$106.9 unless volume expands.
Market Context
Short-term bearish trend with a potential basing attempt near lower Bollinger Band support; broader structure remains down (EMA200 far above), implying rallies are likely to face selling pressure.