February 3 SOL Market Outlook


The daily timeframe for SOL has established a bearish trend, with EMA across multiple cycles showing a standard bearish alignment. The moving average system is exerting clear resistance on the price. The current rebound is constrained by medium- and long-term moving averages, and trading volume remains insufficient, indicating a typical technical retracement rather than a trend reversal signal. The core structure of the medium-term downtrend remains unchanged, and the subsequent market is likely to continue oscillating downward.
SOL Trading Suggestion: Look for a rebound around 104-110 to short near 98-93.
SOL-2,54%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Contains AI-generated content
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)