May 8, 2026 SOL Technical Analysis

Current price: $88.44, down 0.74% in 24 hours, 24H trading range $87.63–$90.44, overall following BTC's high-level oscillation and slight pressure correction
I. Daily Chart (Mid-term Trend)
1. Moving Average Structure: Price remains above short-term moving averages, the medium-term upward trend remains intact, the bullish trend has not been broken, indicating a strong correction phase
2. Bollinger Bands: Operating between the upper and middle bands, with resistance near the upper band at 91.5, and the middle band at 84.0 serving as a strong support zone
3. Indicator Performance: MACD shows a slight narrowing of the red bars, bullish momentum weakening, RSI is in a neutral to slightly strong zone, with no obvious overbought or oversold signals
4. Candlestick Pattern: Continuous small K-line oscillations, with upward attempts followed by pullbacks, closing as small bearish candles, indicating insufficient bullish continuation and entering a high-level sideways digestion phase
II. 4-Hour Chart (Short-term Rhythm)
1. Trend Status: Short-term high-level oscillation, upward momentum slowing, shifting from a single-sided rally to range-bound consolidation
2. Key Levels
◦ Resistance: 90.40 (intraday high), 91.50 (Bollinger upper band strong resistance), 93.00 (medium-term important resistance)
◦ Support: 87.60 (intraday low), 86.00 (short-term defense level), 84.00 (daily strong support)
3. Volume Characteristics: Rebound volume shrinking, decline volume moderate, bulls and bears temporarily balanced, no clear dominant force
III. Intraday Core Judgment
1. Medium-term bullish structure remains solid, the trend above $84 still favors strength, currently just digesting high-level oscillation, not a trend reversal
2. Short-term under BTC drag, mainly range-bound and slightly corrective within the day, unlikely to see large unilateral moves
3. $88 is a short-term dividing line; holding above suggests oscillation upward testing the 90 level, breaking below indicates a retest of the 86 support
IV. Intraday Trading Strategy
• Short: Short positions on rebounds in the $90.00–$90.50 range, targets at $87.60 and $86.00, stop-loss above $91.50
• Long: Low buy on retests of support at $86.00–$87.00, targets at $90.00 and $91.50, stop-loss below $84.00
• Risk Control Tip: Coordinate with BTC volatility, strictly control position sizes, avoid chasing highs
#比特币跌破8万美元 $SOL