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 strong short-term downtrend with capitulation characteristics, but the setup is not yet a high-conviction long. RSI(14) at 21.4 is deeply oversold, and price ($79.54) is sitting on/just above the lower Bollinger Band ($79.04), which often precedes a relief bounce. However, momentum remains decisively bearish: MACD is negative (line -3.48 below signal -2.44) with a negative histogram (-1.04), indicating downside momentum is still accelerating rather than stabilizing. Trend and structure are also bearish with price below EMA12/26/50/200 (84.21/87.69/91.39/104.16), so any bounce is likely to be corrective into resistance rather than a trend reversal. Volume is elevated (1.62x average) during the selloff, supporting capitulation but not confirming a bottom. Best practice here is to HOLD and wait for confirmation (MACD histogram improving and reclaim of EMA12/BB mid) before buying. If already long, a protective stop is ideal below $76.80.
Key Factors
Risk Assessment
High risk: volatility elevated (ATR $2.68) and trend is bearish, so further downside/stop-run below the lower band is likely. Key risks are continuation breakdown under $79 and failure to reclaim $84-$88 resistance zone.
Market Context
Bearish market structure with strong downside momentum; price is extended below short/mid/long EMAs, indicating a selloff phase where relief bounces can occur but trend reversal is unconfirmed.