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 $87.4 with momentum turning neutral-to-slightly bearish despite a broader bullish bias. RSI (51.5) is mid-range, offering no oversold bounce or overbought sell signal. MACD is below its signal (0.18 vs 0.27) with a negative histogram (-0.09), indicating weakening upside momentum and favoring patience rather than a fresh long. Price is sitting near the Bollinger midline ($87.55) with tight bandwidth (2.94%), suggesting consolidation and limited immediate edge; the upper band/resistance at ~$88.84 caps near-term upside. EMAs are tightly clustered (12/26/50 around $87.2–$87.6), reinforcing range conditions, while the 200 EMA at $94.89 remains overhead as a major resistance zone. Recent candles show a sharp dip to $85.7 with high volume followed by a rebound, but the latest close slipped back to $87.4, implying buyers are not yet in control. With normal volume (1.02x) and no breakout, best action is to hold and wait for confirmation above $88.8 or a breakdown below $86.3. Ideal stop loss for any existing long: $85.70 (below the recent swing low).
Key Factors
Risk Assessment
Moderate risk: tight range can break abruptly; downside risk increases on a loss of $86.26 (lower band) with ATR ~$1.27 implying quick $1–$2 moves. Key risk is a failed bounce and retest of $85.70.
Market Context
Short-term consolidation within a broader bullish structure, with price below the 200 EMA and momentum currently soft; market is range-bound around the 12/26/50 EMAs.