A doji star is pinned on the chart, extremely narrow. It hovers right at the middle band of the Bollinger Bands, as if waiting for a signal.

After watching the chart for a few hours, I have to say—SOL's movement is even more perplexing than my morning shot of espresso. The current price is $136.74, with little movement, only a 0.14% decline intraday.

The surface appears calm, but underlying technical indicators are flashing signals wildly. The price is stuck above the middle band of the Bollinger Bands ($136.43), with the upper band at $138.43 and the lower band at $134.42. This narrow channel only allows for a $4 range. Past experience tells me that such extreme narrowing usually signals a big move is coming.

**Bulls and bears are in a key standoff**

Looking at the latest candlestick chart, a few numbers say it all:

On the short-term moving averages, EMA(7) is $136.45, MA(7) is $136.30, and the price is above them, indicating a slight bullish bias in the short term. But turning to the 30-period moving averages—EMA(30) is $136.80, MA(30) is $137.12—the price has fallen below them, showing medium-term resistance quite clearly.

The tug-of-war between short-term and medium-term moving averages explains why the price keeps bouncing around $136.7—neither side can break through.

The Bollinger Bands are already at an extreme. With a width of $4, it's typical of the end of a consolidation phase. Based on market intuition, such extreme narrowing usually evolves into a directional breakout within 1 to 3 trading cycles—question is, whether it breaks upward or downward, we need to wait for further signals.