The Bollinger Bands are in a converging and turning downward state, with the upper and middle bands continuously slanting downward, indicating a medium-term bearish trend. The price temporarily rebounded near the middle band but faced resistance, which is a typical sign of downward pressure.
Although the DIF line is turning upward from a low position, it remains below the zero line and has not effectively crossed above the DEA line, indicating weak rebound momentum and a risk of a secondary bottom.
SOL Trading Suggestion: Rebound around 133-136, then look down to 125-118.
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SOL Market Outlook
The Bollinger Bands are in a converging and turning downward state, with the upper and middle bands continuously slanting downward, indicating a medium-term bearish trend. The price temporarily rebounded near the middle band but faced resistance, which is a typical sign of downward pressure.
Although the DIF line is turning upward from a low position, it remains below the zero line and has not effectively crossed above the DEA line, indicating weak rebound momentum and a risk of a secondary bottom.
SOL Trading Suggestion: Rebound around 133-136, then look down to 125-118.