SOL Analysis



From the current market situation, after the price rebounded to the 87-88 range, the momentum significantly weakened. The previous high at 90.32 formed a strong resistance. After the MA7 and MA30 experienced a brief golden cross, the price repeatedly tested upward but then retreated, indicating insufficient moving average support and a risk of a death cross again. During the rebound, there was a lack of sustained volume increase, and dense upper shadows appeared on the candlesticks, showing heavy selling pressure above. The current rebound appears more like a continuation of the downtrend.

Trading Suggestions: 90-95 range, first target 85, second target 80. Breakout target 70.$BTC
BTC-4,1%
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