$SOL
SOL/USDT Daily Price Analysis and Bull/Bear Direction Prediction
Market Analysis
Current price $179.04, daily decline of 1.58%. The SOL price has consecutively broken below the MA7 and MA25 moving averages, and is approaching the MA99 moving average support. The MACD indicator shows that bearish momentum is gradually increasing, with DIF and DEA continuously diverging downwards. Trading volume has increased, market selling pressure is significant, and bearish sentiment is dominant.
Key Levels
• Support Levels: $175.26, $150.00
• Resistance Levels: $189.18, $200.00
Bull/Bear Direction Prediction
In the short term, if SOL gains effective support at the $175.26 support level, a slight rebound is expected, targeting the $189.18 resistance level. If it falls below $175.26, it may further probe down to the $150.00 support zone.
Operation Suggestions
1. Long Position Strategy:
• Entry: Try going long after stabilizing near the $175.26 support
• Take Profit: $189.18, $200.00
• Stop Loss: $170.00
2. Short Position Strategy:
• Entry: Go short when near the $189.18 resistance
• Take Profit: $175.26, $150.00
• Stop Loss: $195.00
Summary
SOL has recently shown a weak downward trend, and it is crucial to monitor whether the $175.26 support can hold. If it cannot stabilize, it is advisable to prioritize bearish opportunities. Market sentiment remains bearish, so caution is required, and position risk should be managed appropriately.