sol this month's bottom-fishing range is locked in:



First, set a "top": look at the 45-day moving average. When there's a death cross and the two lines open downward, it indicates a bearish major trend. Currently, it is slightly below the Bollinger middle band, which is at 148.5. Why has sol been unable to break through 148.5 despite multiple rebounds, only reaching a high of 146 and then stalling? This is the reason. In the future, only a break and stabilization above 148.5 will reverse the major trend to bullish.

sol is currently trading between the 10, 15, 20-day Bollinger middle and lower bands. Their Bollinger lower bands are all in the range of 114-102, which can serve as a reference for bottom-fishing.

At the same time, the 10, 15, 20-day EMA7-30 have all been broken downward, with no support. The monthly EMA52 is at 109.5.

Therefore, the bottom-fishing range before breaking the 100 threshold is between 114-102.

Considering extreme cases where a large spike might cause a false break below 100, the post-fake break level is 96.25-95.65. If it falls below 95, it is a real break, and the lowest could be around 86.25-84.85.
SOL0.88%
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