The daily chart shows a clear bearish trend for SOL. The EMA across different timeframes is arranged in a bearish configuration, with the moving average system acting as resistance. The current rebound is limited by medium- and long-term moving averages, with insufficient volume, considered a technical retracement. The medium-term trend remains unchanged, and the market is likely to continue oscillating downward.
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2.3 SOL Analysis:
The daily chart shows a clear bearish trend for SOL. The EMA across different timeframes is arranged in a bearish configuration, with the moving average system acting as resistance. The current rebound is limited by medium- and long-term moving averages, with insufficient volume, considered a technical retracement. The medium-term trend remains unchanged, and the market is likely to continue oscillating downward.
SOL Trading Suggestion: You can consider buying around the 107-110 range, with a target of 94-96.
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