MemecoinResearcher
vip

Recently, the SOL market performance has drawn attention. From the 4-hour chart, the Bollinger Bands show a narrowing trend, indicating that the current market is in a consolidation and recovery phase. However, it is worth noting that the recent close has shown a weak Bullish line, which may suggest that market strength is diminishing.



In terms of technical indicators, the MACD momentum has weakened, and the RSI indicator is gradually approaching the oversold area. Together, these signals may suggest that the market could face some downward pressure in the short term.

For aggressive traders, the current market environment may present a potential shorting opportunity. In particular, the 168-170 price range could be a noteworthy entry point. From a swing trading perspective, the area around 155 may serve as a potential target. From a longer-term perspective, prices around 140 are also worth close attention from investors.

However, it is important to remind that the cryptocurrency market is highly volatile, and investors should conduct comprehensive market analysis and fully consider their own risk tolerance before making any trading decisions. At the same time, continuously following market dynamics and potential influencing factors is crucial for seizing investment opportunities and controlling risks.
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MEVSandwichvip
· 8h ago
sol has died several times already and is still being analyzed
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ImpermanentLossEnjoyervip
· 8h ago
Trust my Impermanent Loss experience
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0xTherapistvip
· 8h ago
Bearish now open orders 168
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FundingMartyrvip
· 9h ago
Whoever is bearish is whoever is right~
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GasFeePhobiavip
· 9h ago
Can you hold on before attacking 140?
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GasFeeAssassinvip
· 9h ago
SOL is scooping up again, it's impossible to run away.
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ZKSherlockvip
· 9h ago
actually... the information asymmetry here creates a probabilistic advantage for market makers. not touching this until i see clear zk-proof based price validation tbh
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