SOL
BUYConfidence 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 sharp bearish impulse, but the setup now favors a tactical mean-reversion long. RSI(14) at 13.65 is extremely oversold and typically signals capitulation risk/reward rather than fresh short entries. Price ($90.29) is below the lower Bollinger Band ($91.43), indicating an oversold volatility expansion; these conditions often revert toward the BB midline ($96.37) if selling pressure exhausts. Momentum is still negative (MACD line -2.29 below signal -1.63; histogram -0.67), so this is a countertrend buy and requires strict risk control. However, volume is a key confirmation: 2.39x the 20-period average during the selloff suggests capitulation and potential seller exhaustion. Market structure remains bearish with price below all key EMAs (12/26/50/200), so upside targets should be conservative and focused on nearby resistances (BB midline and EMA12/26 zone). Ideal stop loss: $87.70 (below recent flush level and ~1.5 ATR), targeting a rebound toward $96.40 for ~1:3+ R/R.
Key Factors
Risk Assessment
High risk due to strong bearish trend and negative MACD; rebound may fail and continue to cascade. Use tight stop ($87.70) and reduce size; volatility (ATR $1.7) supports wider intraday swings.
Market Context
Bearish market structure with strong downside momentum; current price is extended below volatility bands and key moving averages, indicating a potential short-term relief bounce within a broader downtrend.