"SOL's perfect long record will be broadcast again!!! The sharpshooter in the currency circle will hit with one hit."
SOL's market performance is showing signs of weakness, and technical indicators are continuing to sound warnings. Judging from the RSI indicator, although the current value is still above 50, it has entered a downward channel, the market momentum has significantly weakened, and the upward momentum in the short term has gradually faded. The formation of a dead cross in MACD usually indicates that the short forces are gradually taking over, which casts a shadow over the bullish sentiment. The price of SOL rebounded after approaching the upper Bollinger Band, which is in line with the common characteristics of the early stage of correction in history. Especially around 198.5, the price experienced a heavy volume decline and the selling pressure increased significantly, which further aggravated the bearish atmosphere in the market. Based on various technical signals, it is more likely that SOL prices will continue to decline in the short term.
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