SOL Weekly Analysis: Initial Pullback, Adjustment Space Yet to be Released
From the weekly chart of SOL, the current price shows a long lower shadow and a short upper shadow candlestick, with a decrease in trading volume, indicating a weakening of downward momentum.
MA30 is still in an upward trend, and the MACD momentum is gradually fading, suggesting that the pullback has just begun. If the daily chart fails to create a new high, $264.39 may become a short-term top.
This indicates that the current pullback may be a preparation period for subsequent upward movement, and once the adjustment is complete, SOL is expected to continue rising.
It is worth noting that $300 is not the peak of this bull market; there is still significant upward space after the adjustment.
Click on the avatar to follow me, I will share bull market strategy layout for free, various contract and spot price references, become my fan, and I will help you succeed, you just need to relax!
SOL Daily Analysis: Volatile Consolidation, Rebound Opportunity After Pullback
On the daily chart, SOL shows a doji and a small bearish candlestick pattern, with a continued decrease in trading volume, indicating characteristics of volatile consolidation.
The same news, the same layout, the same opportunities, the same gains, fans first!
The MA30 line is still upward, and the MACD downward momentum has somewhat increased, with the price approaching the MA30 line.
Currently, the price is in the pullback phase, and once the pullback is complete, a rebound is expected, which is a healthy market performance.
Therefore, investors can enter the market at the appropriate time during the pullback phase to seize potential profit opportunities as the price rises.
