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November 2nd SOL Market Analysis:
The MACD histogram on the daily chart for SOL has turned positive, indicating that selling pressure is gradually easing, and a potential bullish crossover signal is forming; however, on the hourly chart, after the previous death cross, the fast line is still near the zero axis, and short-term adjustment demand has not been fully released.
The current RSI indicator hovers around 47, in the neutral zone, neither entering overbought nor touching oversold, consistent with the characteristics of a market accumulation phase, reflecting that bullish interest is slowly rising.
The recent rebound of SOL has been relatively weak. If the price can effectively stay above 187 USD and close above this level, the rebound is expected to continue, with the next target looking towards the 190–192 USD range. If it fails to hold above 187 USD, the market is likely to continue maintaining a sideways pattern.
Tip:
185 area is a bit, target 190-195