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 short-term bearish trend, but the setup shows high-probability mean-reversion conditions. RSI(14) at 10.82 is extremely oversold, historically associated with capitulation and bounce risk. Momentum is still negative (MACD line -2.21), yet the histogram is positive (+0.25) with the MACD line above the signal (-2.21 vs -2.47), indicating bearish momentum is waning and a potential bullish inflection is forming. Price ($134.13) is holding above the lower Bollinger Band ($128.48) and is attempting to reclaim the middle band/short EMAs; however, it remains below EMA12/26/50/200 (134.67–140.83), so this is a counter-trend entry requiring tight risk control. Volume is low (0.52x), which reduces breakout confidence, but also suggests selling pressure may be cooling after the -5.78% 24h drop. Ideal plan: buy for a bounce toward the next resistance cluster at $136.5–$139 with a defined stop below recent support.
Stop loss: $131.90 (below recent intraday lows and ~1.2x ATR).
Key Factors
Risk Assessment
Moderate-to-high risk: counter-trend long while price remains below key EMAs; low volume may cause weak follow-through and another leg down. Key risk is a breakdown toward the lower Bollinger band ($128.48).
Market Context
Short-term bearish market structure (price below EMA12/26/50/200), but conditions indicate capitulation/late-stage selloff with early stabilization signs.