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 short-term bearish structure with momentum still negative. Price ($83.15) is below the 12/26/50 EMAs ($83.38/$84.17/$84.96) and well below the 200 EMA ($90.92), indicating a broader downtrend and overhead supply on rallies. MACD remains bearish (line -0.79 below signal -0.72) with a negative histogram (-0.07), suggesting downside momentum is still in control despite a small stabilization. RSI at 42.5 is not oversold, leaving room for additional downside before a high-probability mean-reversion bounce. Bollinger Bands are tight (4.36% bandwidth) with price sitting below the mid-band ($83.87) and near the lower band ($82.04), which often precedes expansion; given trend and MACD, the more likely expansion is downward. Recent candles show a sharp breakdown from ~$84.9 to ~$82.9 on high volume, followed by a weak rebound on very low volume (0.29x), implying lack of dip-buying conviction. Ideal stop loss for a short: $85.10 (above recent swing high/upper band zone).
Key Factors
Risk Assessment
Moderate risk: Bollinger bandwidth is tight, so volatility expansion can be sharp; a squeeze could trigger a quick upside spike. Key risk is a reclaim of $84.0-$85.0 with improving volume, which would invalidate the near-term bearish continuation.
Market Context
Bearish trend and lower-high structure; price is consolidating near the lower Bollinger Band after a breakdown, suggesting continuation risk toward the next support zone.