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 showing a high-conviction bearish continuation setup. Price ($78.25) has broken below the key EMA cluster (12/26/50 all ~80.5–81.5) and remains well under the 200 EMA ($87.54), confirming a broader downtrend. Momentum is negative: MACD line (-0.20) is below signal (-0.04) with a negative histogram (-0.16), indicating accelerating downside. RSI 37.72 is weak (not yet deeply oversold), leaving room for further selling before a bounce becomes likely. Bollinger Bands show price pressing the lower band region (Lower $78.69) with tight bandwidth (4.61%), and the latest candle drove sharply to $78.15 on extreme volume (4.26x average), consistent with distribution and a breakdown move rather than a low-volume shakeout. Order book is also ask-heavy (74.49 vs 9.53 at best levels), suggesting near-term supply. Ideal stop loss for a short is above the broken support/EMA area near $81.20; take profit targets focus on the next demand zone around $75.
Key Factors
Risk Assessment
Moderate-to-high risk: RSI is nearing oversold and price is near the lower Bollinger Band, so sharp short-covering bounces are possible. Primary risk is a mean-reversion rally back toward $80.5–$81.5; use a tight stop above that zone.
Market Context
Bearish market structure with lower highs/lower lows; recent breakdown from the $80–$82 area suggests continuation toward lower support unless price reclaims the EMA cluster.