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 bearish market structure with price ($101.81) below the 12/26/50/200 EMAs (102.16/103.85/106.95/117.38), indicating persistent downside trend pressure and overhead supply. Momentum is mixed: RSI 42.28 is weak but not oversold, suggesting limited mean-reversion edge for a BUY. MACD remains negative (line -1.69) but the histogram is slightly positive (+0.11) and the line is marginally above the signal (-1.8), hinting at a nascent bullish momentum shift; however, this is not yet strong enough to justify high-conviction long exposure. Bollinger Bands show price near the lower half of the range (lower 99.87, middle 103.2), implying nearby support around $100, but recent candles include a sharp dip to $97.92 with elevated volume, consistent with volatility spikes and stop-runs. Current volume is low (0.6x), weakening the reliability of any bounce. Order book shows heavy ask size at $101.85, reinforcing near-term resistance. Ideal risk plan: if long, stop loss below $99.40; if short, invalidate above $104.20.
Key Factors
Risk Assessment
Moderate-to-high risk: trend is bearish and volatility can spike (ATR $2.23) with recent wicks to $97.92. Key risks are a breakdown below ~$99.9 support or a short-covering pop above ~$103.2–$104.2.
Market Context
Short-term bearish trend with attempted stabilization near the lower Bollinger Band; broader structure remains down as long as price stays below the 50/200 EMA zone ($106.95–$117.38).