Market Analysis (April 29)


Key Data

Current Price: 84.60 (+0.83%)

24h Range: 82.92 ~ 85.03

24h Trading Volume: 4.3224 million SOL (366 million USDT)
Technical Outlook (1-hour cycle)

1. Moving Average System: Price retraced near MA5, with MA5/10/30 in a bullish alignment, indicating a short-term bullish trend.

2. MACD: DIF$SOL 0.11( crossing above DEA)-0.04( to form a golden cross, with continuous red bars, indicating sustained bullish momentum.

3. Volume: Recent volume increased during the rise, then decreased during the pullback, which is a healthy correction; volume and price are still in good alignment.
Key Levels
Type Price Explanation
Resistance 85.03 Daily high, a breakout could target the 86-87 range
Support 83.94 MA30, a break below or a pullback to around 83

Trading Suggestions

Short-term: Light positions near the current price to try long, stop loss at 83.5, target 85.5-86.

Risk Control: Be alert to linked corrections during high-level oscillations, strictly control position size and stop loss.
SOL0.71%
ETH1.71%
BTC1.08%
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