SOL is currently showing a weak oscillation pattern, with the price repeatedly testing key resistance levels and then quickly falling back, leaving long upper shadows. This indicates very weak willingness to hold at high levels, with selling pressure continuously digesting buying interest. The moving average system remains in a bearish alignment and acts as resistance. During rebounds, trading volume cannot be amplified, indicating a lack of incremental funds entering the market, and only technical repairs are occurring. This kind of volume-less rebound with frequent resistance often signals a continuation of the downtrend. The probability of continuing downward after a consolidation is relatively high.
SOL trading suggestion: You can consider short positions near the 88-93 range, with targets around 76-81.
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SOL is currently showing a weak oscillation pattern, with the price repeatedly testing key resistance levels and then quickly falling back, leaving long upper shadows. This indicates very weak willingness to hold at high levels, with selling pressure continuously digesting buying interest. The moving average system remains in a bearish alignment and acts as resistance. During rebounds, trading volume cannot be amplified, indicating a lack of incremental funds entering the market, and only technical repairs are occurring. This kind of volume-less rebound with frequent resistance often signals a continuation of the downtrend. The probability of continuing downward after a consolidation is relatively high.
SOL trading suggestion: You can consider short positions near the 88-93 range, with targets around 76-81.