12.6

SOL is currently operating at the 133.55 level. Recently, the candlestick pattern first showed a series of sharp declines with large bearish candles, bottoming out at 130.5. This was followed by a low-level rebound consolidation pattern with alternating small bullish and bearish candles, with no sustained strong bullish surge, indicating that the bulls are only making a technical rebound after being oversold, and the strength of the counterattack is insufficient. It is now below the middle band of the Bollinger Bands, with the upper band trending downward and the lower band flattening out. After the previous sharp decline, it has entered an oversold rebound phase, but the overall bearish trend remains unbroken.

The KDJ indicator's J line is well above the overbought range, showing that the short-term rebound momentum is excessively released, creating significant pressure for a corrective pullback. Although the K/D lines have formed a golden cross and are moving upward, they are about to turn down following the J line. The MACD histogram is positive and gradually increasing, with the DIF crossing above the DEA to form a golden cross, releasing a weak short-term rebound signal, but the indicator remains below the zero line, indicating the rebound lacks trend support.

The strong support below is at the lower Bollinger Band at 130.14 and the previous low of 130.5. The resistance above is at the middle Bollinger Band at 134.18, with stronger resistance at the upper Bollinger Band at 138.21. If the price fails to break above the middle band, the rebound is likely to end and resume its decline. If it holds above the middle band, it may test the upper band resistance. It is recommended to consider light positions near the 131-128 area, with a target around the 135-138 area.

The above is just a personal suggestion for reference only. Please refer to Haoyu Shipan's strategy for specifics! #$SOL $SOL