3.13 Morning SOL Market Analysis

From the 4-hour Bollinger Bands perspective, the price has tested the upper band multiple times but each time has pulled back, indicating obvious resistance above; the middle band trend is flattening out, providing weak support for upside momentum. The Bollinger Bands are currently in a compression phase, and this structure often tends to produce downside breakout movements.

Regarding moving averages, the MA lines show a bearish alignment, with the original support level now turned into resistance. Each time the price bounces back to the moving average area, it encounters selling pressure. Meanwhile, the K/D indicator is diverging downward, indicating that bearish momentum is gradually strengthening.

Trading Strategy:
Consider shorting in the 90—92 range
Target first at the 85—80 zone.

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