“SOL Perfect Long Position Performance Showcase!!! What does it mean to be a sharpshooter in the crypto world? This is a crypto sharpshooter”
The market performance of SOL has recently shown signs of weakness. From a technical perspective, the RSI index has entered a downward channel. Although it remains above 50, it has already shown signals of weakening market momentum, and the upward momentum is gradually fading. At the same time, the MACD indicator has formed a death cross, a signal that often suggests that bearish forces are gaining dominance. After the price of SOL approached the upper Bollinger Band, it rebounded, which aligns with the early characteristics of pullbacks in historical trends. Additionally, around 198.5, the increase in volume during the decline further confirms the strengthening of selling pressure, undoubtedly intensifying the bearish sentiment in the market. Considering these signals, the likelihood of further price decline in the short term has significantly increased.
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