SOL
SELLConfidence 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 with price ($94.82) trading below the 12/26/50/200 EMAs (97.09/98.55/100.35/109.85), confirming a stacked-down trend and overhead resistance. Momentum is negative: MACD line (-1.46) remains below signal (-1.33) with a negative histogram (-0.13), suggesting the downswing is still active rather than reversing. RSI 36.52 is weak and near oversold, but not yet showing evidence of a bullish divergence or a momentum turn; in downtrends RSI can stay depressed while price continues lower. Price is also pressing the lower Bollinger Band (lower 95.09) and has closed below it intraday, which can imply mean-reversion risk, but the strong sell candle to 94.80 on elevated volume earlier (11:00) supports breakdown pressure. With ATR at 1.46, a continuation move toward the next support zone is plausible. Ideal stop loss for a short is above the broken band/EMA cluster near $97.50; take profit at the next support around $91.80.
Key Factors
Risk Assessment
Moderate-to-high risk: RSI near oversold and price at/under the lower Bollinger Band increases short-squeeze/mean-reversion bounce risk. Key risk is a sharp rebound above $97-$98; manage with a tight stop above $97.50 and avoid over-leverage given ATR-driven volatility.
Market Context
Bearish market structure with lower highs/lower lows and price trading well below long-term EMA200; rallies likely to be sold into until price reclaims the 26/50 EMA zone.