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 structure (price below EMA12/26/50/200), but the setup is showing a high-probability oversold bounce. RSI(14) at 28.04 signals oversold conditions, and MACD is still negative yet improving: the MACD line (-0.97) has crossed above the signal (-1.03) with a positive histogram (0.05), indicating bearish momentum is fading and a rebound attempt is underway. Price ($131.7) is below the lower Bollinger Band ($132.41), a common mean-reversion trigger, while Bollinger bandwidth is tight (1.98%), suggesting a volatility squeeze that can precede a sharp move. The last hour shows a strong sell impulse to $130.94 followed by close at $131.7 on very elevated volume (3.39x average), consistent with capitulation/absorption near support. Risk is defined: an ideal stop loss is below the recent swing low at $129.90 (below $130.94 and ~1.8 ATR). Upside targets are the BB mid/EMA zone near $133.7–$134.4, offering >1:2 R:R from the stop.
Key Factors
Risk Assessment
Moderate risk: trend is still bearish and price is below all key EMAs, so the trade is a counter-trend bounce. Key risks are continuation breakdown below $130.94 and a failed MACD/RSI rebound. Use tight risk controls with stop at ~$129.90.
Market Context
Short-term bearish market structure with price trading below EMA12/26/50/200, but conditions are stretched/oversold and showing early reversal signals (momentum stabilization + volume climax).