The price rebounded near the upper Bollinger Band and encountered resistance. The previous high formed effective resistance, and there is no upward momentum to extend the upper band, indicating that the short-term upward space is significantly limited.
The price has fallen back from near the upper Bollinger Band to the middle band, which is now flat, lacking upward support strength, further confirming that the rebound momentum is insufficient.
SOL Trading Suggestion: Consider buying around 126-130 on the rebound, with a target of 120-110.
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SOL Market Outlook
The price rebounded near the upper Bollinger Band and encountered resistance. The previous high formed effective resistance, and there is no upward momentum to extend the upper band, indicating that the short-term upward space is significantly limited.
The price has fallen back from near the upper Bollinger Band to the middle band, which is now flat, lacking upward support strength, further confirming that the rebound momentum is insufficient.
SOL Trading Suggestion: Consider buying around 126-130 on the rebound, with a target of 120-110.