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 $100.76, pressing the lower Bollinger Band ($100.59) with RSI(14) at 31.22 (near-oversold), suggesting downside momentum is extended and a short here has poorer risk/reward into support. However, trend and structure remain bearish: price is below EMA12/26/50/200 (102.66/104.49/107.66/117.87) and the MACD is negative with the line below signal (-1.83 vs -1.80) and a slightly negative histogram (-0.03), indicating bearish momentum is still present despite deceleration. Recent candles show a steady selloff from ~105 to ~100.7 with only brief, weak rebounds, and volume is only modestly above average (1.1x), not capitulation. Order book shows heavier ask size than bid at the top, reinforcing near-term supply.
Net: conditions are mixed—oversold at support but still in a downtrend—so the higher-conviction play is to wait. Ideal trade plan: BUY only on a reclaim above $103.80 (BB mid / pivot) with momentum improving; SELL only on a clean breakdown below $100.00.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and a breakdown below $100 can accelerate selling; volatility is manageable (ATR ~$1.93) but downside air-pocket risk remains. Avoid aggressive longs until reclaim of $103.8–$104.5; avoid new shorts into $100 support.
Market Context
Short-term downtrend with price making lower lows and trading below key moving averages; currently testing a major psychological/support area around $100 with oversold readings.