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 bearish market structure with price ($132.88) trading below all key EMAs (12/26/50/200 at $134.07/$135.31/$137.42/$140.17), confirming a downtrend and overhead supply. Momentum is weak: RSI(14) at 40.04 is not yet oversold, leaving room for further downside before mean-reversion buyers typically step in. While MACD remains negative, the histogram is positive (0.35), suggesting bearish momentum is slowing; however, this is not a confirmed trend reversal, especially with price failing to reclaim the 12/26 EMA zone. Bollinger Bands are extremely tight (1.36% bandwidth), often preceding expansion; the latest candle dumped to the lower band area with heavy volume (3.94x average), indicating distribution and a likely continuation move unless price quickly reclaims $133.8–$134.7. Order book is ask-heavy at the top (1614 vs 260 size), reinforcing near-term sell pressure. Ideal stop loss for a short: $134.80 (above upper band/resistance).
Key Factors
Risk Assessment
Moderate risk: tight Bollinger Bands and positive MACD histogram increase whipsaw/reversal risk, but trend/EMA alignment remains bearish. Key risk is a squeeze above $134.70–$135.30 triggering short covering.
Market Context
Bearish trend with price consolidating near the lower Bollinger Band after a sharp, high-volume drop; resistance stacked at $133.8–$135.3 and broader pressure from declining medium/long EMAs.