12.1 $SOL : Will it rise or fall? Is this 'death cross' about to reverse?
Technical analysis of SOL, how does today’s trend look?
The current SOL price is $235.7. Looking at yesterday’s trend and candlestick chart, the market has been oscillating at a high level lately, and the fluctuations are getting smaller; it feels like the price is about to choose a direction. Yesterday, SOL tried to push upward, but the momentum wasn't strong enough, however, the support below is quite stable. The price is fluctuating, indicating a struggle between bulls and bears.
Here comes the technical analysis:
How is the candlestick?
In the short term, SOL fluctuated between $233 and $245 yesterday but didn’t break through, and it is still adjusting.
Breakout follow-up:
If the price breaks above $242, then buy in.
Target $245, and if it breaks through, then look at $250.
If it falls back below $240, it’s time to withdraw.
Logic: If it breaks the high, the bulls will gain more strength and continue to rise.
In the short term, SOL will likely continue to oscillate between $233 and $242, whether it breaks or not depends on trading volume.
Higher probability of rising: If the bulls can push above $242, then it can continue to rise, targeting above $245.
It won’t fall too much: If it falls below $233, we’ll see if $228 can hold; the downside is limited, and today it’s still recommended to buy on dips.
To summarize:
Today SOL will likely remain volatile, with a slightly higher chance of rising, but also be cautious of a pullback.
Buy on dips: Gradually buy around $235.
Breakout follow-up: Buy if it crosses $242, targeting $245 to $250.
Set a stop-loss: If it falls below $230, it’s time to abandon the bullish outlook and reassess the situation.
Overall bullish, but also be wary of pullback risks.
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