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 weak, bearish market structure with price ($127.19) trading below the full EMA stack (EMA12 $127.85 < EMA26 $128.30 < EMA50 $128.85) and well below EMA200 ($133.68), indicating a broader downtrend and overhead supply. Momentum is negative: RSI(14) at 40.84 signals bearish bias without being deeply oversold, leaving room for further downside. MACD is bearish (line -0.45 below signal -0.27) with a negative histogram (-0.18), suggesting downside momentum is still building rather than reversing. Price is also below the Bollinger midline ($128.13) and hovering near the lower band ($126.77); with tight bandwidth (2.11%), a volatility expansion could favor continuation lower given the trend. The 06:00 candle showed heavy sell volume and a sharp drop to $127.04, while subsequent volume is low (0.34x average), implying weak dip-buying. Ideal stop loss for a short: $129.60 (above upper band $129.48).
Key Factors
Risk Assessment
Moderate risk: Bollinger bandwidth is tight, so a volatility expansion could cause a sharp squeeze; also RSI is not oversold, but proximity to the lower band may trigger short-term bounces. Manage with a tight stop above $129.60.
Market Context
Short-term bearish consolidation near the lower Bollinger band within a broader downtrend (below EMA200). Resistance stacked at $128.1-$129.5; support sits around $126.8 then $125.