$SOL Morning Analysis

After reaching a high of 89.29 in this round, the price completely topped out and retreated, breaking below the middle band of the Bollinger Bands across the board. The price has been operating in a weak downward trend below the mid and lower bands for a long time, and the bullish upward structure has been completely dismantled.

The market high points continue to decline, the trading center keeps moving lower, and a strong resistance zone has formed between 87.02 and 87.82, with continuous selling pressure on rebounds. The MACD double lines remain in a bearish death cross pattern, with bearish momentum continuously accumulating; the KDJ indicator has turned downward from a high level, with a comprehensive downward resonance signal.

In the short term, all rebounds are opportunities for short positions, with resistance at 87. Once the rebound faces pressure at the 87 level, go directly into short positions. The first support below is at 86.22 Bollinger lower band. If this support is broken at a low level, it will trigger a new round of deep decline, and the overall market sentiment should mainly be viewed as bearish. A personal suggestion is to consider shorting around 87-90, with targets near 85-83.