11.17 SOL Evening Analysis

Daily level analysis

· K-line pattern: The daily line shows narrow fluctuations, with a slight price drop of 0.90% to 142.01, continuing to consolidate within the range of 134.42-143.38, and the daily line presents a contracting triangle pattern.
· Bollinger Bands: The price is above the middle band of the Bollinger Bands (140.76), the bands are continuously narrowing, with the upper band (144.53) and lower band (136.99) forming a recent oscillation range.
· MACD: DIF (-3.04) and DEA (-3.82) have formed a golden cross below the zero line, and the MACD histogram (1.55) continues to turn positive, indicating that rebound momentum is accumulating.
· Key Levels: 134.42 has become an important support, and 144.53 (Bollinger Band upper line) is the recent resistance.

4-hour level analysis

· Trend Structure: The price has formed a distinct contracting triangle within the range of 134.42-143.38, with the fluctuation range continuously narrowing, and is about to choose a direction.
· Moving Average System: The short-term moving averages begin to flatten out, and the price is above the MA7 and MA30 moving averages, indicating a supportive trend in the moving average system.
· MACD: The DIF and DEA have golden crossed near the zero axis, and the MACD histogram remains positive, indicating an initial formation of a short-term rebound pattern.
· Price and volume relationship: Net outflow of $-3.6794 million, with a slight outflow of funds but limited impact; the market sentiment is cautious.

Comprehensive judgment

SOL is on the eve of a critical turning point, with technical indicators showing that short-term rebound momentum is accumulating. The price has formed a contracting triangle within the 134-144 range, and the Bollinger Bands are sharply narrowing, indicating an imminent directional breakout. Although there has been a slight outflow of funds, the technical aspect supports further upward testing of the upper resistance.

Operation Suggestions

· Long Position Strategy:
· Rebound in the 140-139 range to stabilize and go long, target 143-145.
· After breaking 144.5, pull back to go long, target 152-150
· Short Position Strategy:
· Short at the 144-145 range with a target of 141-139
· After breaking below 139, rebound to short, target 134-132

Risk Warning: SOL is at a critical turning point, and the narrowing Bollinger Bands indicate that volatility is about to increase. It is advisable to operate with a light position and set strict stop-loss orders, paying close attention to the breakthrough of the 139 support and 144.5 resistance levels. A valid breakthrough will initiate a new trend market.

Overall, SOL is showing a short-term bullish trend with fluctuations. It is recommended to seize the opportunity to buy on dips and follow through after breaking the key resistance level. The technical indicators support further upward movement, but attention should be paid to changes in the overall cryptocurrency market environment.