Recently, SOL has shown a significant rise trend, with bullish positions dominating the technical indicators. The moving average system indicates a bullish arrangement, combined with a bullish engulfing pattern, which strengthens the signal of the rising trend. However, the market is not completely optimistic.



The abnormal shrinkage of trading volume and the rise in price have formed a clear divergence between volume and price, which may indicate that the current price lacks sufficient capital support and carries a risk of a pullback. In addition, the price is approaching the upper Bollinger Band, while the RSI indicator has entered the overbought zone; these factors are all warning of potential upcoming pullback pressure.

Based on the current market conditions, investors may consider observing or operating cautiously in the area around 194.50. However, the market is constantly changing, and specific operations should be judged in conjunction with real-time market conditions. Regardless of the strategy adopted, risk control should always be prioritized.

It is worth noting that although there may be adjustments in the short term, the fundamentals of SOL remain robust in the medium to long term. Investors should not only pay attention to short-term fluctuations but also continuously monitor the project's development trends and the overall changes in the cryptocurrency market to formulate a more comprehensive investment strategy.
SOL-4.47%
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LiquidityWizardvip
· 08-14 20:07
Suckers are making a comeback.
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MEVHuntervip
· 08-13 03:46
rsi shows toxic flow... ur all gonna get rekt tbh
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MemeEchoervip
· 08-13 03:36
Building a short order, I'm getting a bit carried away.
View OriginalReply0
ContractFreelancervip
· 08-13 03:29
Just do it!
View OriginalReply0
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