SOL trend analysis:
K-line pattern:
●Recently, the price fluctuated in the range of 140 to 150, forming a pattern of oscillation and consolidation.
●Multiple long lower shadows appeared on the daily K-line, indicating strong support below.
Technical indicators:
●MACD: The fast and slow lines of the 4-hour MACD are both above the zero axis, and DIF>DEA, indicating that it is currently in a bull market, but the shortening of the red column requires vigilance against the risk of a pullback.
●RSI: The 4-hour RSI is 60.06, close to the overbought area, and there may be short-term pullback pressure; the daily RSI is also gradually rising, showing a certain upward momentum.
●EMA: The current price is above EMA7 (145.90) and EMA30 (142.64), indicating a positive short-term trend. ●EMA120 (143.40) is effective as a long-term support.
Trading volume:
●Trading volume has increased significantly in recent days, especially from June 27 to June 30, indicating an increase in capital activity.
●The trading volume on July 1 has decreased. We need to pay attention to the subsequent changes in trading volume to confirm the continuity of the trend.
SOL7.1 Focus Points: $SOL
Following support focus points: 138-140
