$SOL

SOL price analysis: critical moment, decisive battle pressure!

SOL has been under a lot of pressure between the 20-day moving average ($200) and the rising trend line recently, just like surviving in the cracks. In this long-short duel, let's see who can hold the key position better!

Bears have the upper hand: the trend line is lost, and the price may accelerate the decline

The current 20-day moving average is down, and the RSI is in the negative area, indicating that the sellers are temporarily in the initiative.

Downward target: $155

If the bears succeed in pushing the price over the rising trend line, SOL is likely to test $155 first, or even further test the support level of $133.

Bulls counterattack: break the moving average and open up the upside

If the price rebounds from the current level or the rising trend line and breaks through the 20-day moving average ($200), it indicates that the selling pressure is easing.

Rebound target: 50-day moving average ($220)

If the bulls can control the situation, they may have the opportunity to challenge $220 or even higher in the future.

Strategy advice: seize the opportunity and strike accurately

Short strategy:

If SOL falls below the rising trend line, you can consider entering the market to short, with targets at $155 and $133, and the stop loss is recommended to be set above $205.

Long strategy:

If SOL rebounds and breaks through the 20-day moving average, you can try to follow the long order, with a target of $220, and the stop loss is recommended to be set below $195.

The current situation of SOL is confusing, but the breakthrough direction of the pressure area will determine the outcome of the short-term trend. 💪