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January 11th SOL Market Outlook
After the price surged to a high point and then pulled back, it subsequently stabilized with a consolidation at a low level. The first-line support forms a stage-wise strong support, effectively limiting the downside space; currently, the price has stabilized above the short-term consolidation platform, breaking away from the previous oversold area, and is in a recovery cycle of the upward trend.
After testing the lower band of the Bollinger Bands and rebounding, the price is now consolidating below the middle band of the Bollinger Bands, with the Bollinger Band shape gradually flattening from a downward opening. The bearish momentum is waning, and the bulls are beginning to prepare for a counterattack.
SOL Trading Suggestions: Pull back to around 132-127, then look up towards 142-150. If broken, continue to target higher levels.