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SOL stabilizes and warms up in the afternoon, comfortably bullish, awaiting the upward move
SOL consolidates around $85.6 in the midday, with a slight rise within 24 hours, and the weekly chart remains in a warming-up state. After the earlier pullback, selling pressure has clearly weakened; low-level buy orders are gradually absorbing it. ETF funds continue to flow in, and overall it shows a pattern of oscillation stabilizing and a rebound being brewed.
Technical Analysis
The daily chart is in a low-convergence range. The 7/20 moving average forms short-term support. RSI rebounds from a low level, and bullish momentum is slowly repairing. On the 4-hour timeframe, it has held above the $84 support; the key resistance above is at $87—$88. After a breakout, it could open up $90—$92 room. In terms of structure, the downtrend is converging, volume is moderate, and conditions for a short-term rebound are present.
Trading Recommendations
On pullbacks, focus on going long in the $84—$83 range, with a stop-loss at $82.5. The initial target is $87—$88; after the breakout, look for $90—$92. For more conservative traders, wait to follow after a break of $88. The afternoon outlook is bullish, with a light position to bet on a rebound. $BTC #比特币反弹 $SOL