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- Pin
SOL is currently hovering at $136 and is moving a bit awkwardly - it has fallen below the short-term and 25-hour EMA and is now struggling to support the 99-hour EMA (around 136.97). In the short term, the bulls' momentum is obviously insufficient.
Looking up, if it can regain its foothold in the 140-142 range, then 146-150 is still a play (the previous high was 146.91). But if you can't hold the 135-133 defense line, you will go directly to the front low of 123.
The trading volume is quite interesting: buying did pour in when it was pulling up, but now it has shrunk significantly, and selling pressure has risen when it pulls back. My personal tendency is that before SOL breaks through MA25 and MA99, it is still prudent to be cautiously bearish.