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5.19 SOL Market Analysis
From the daily chart, SOL’s overall bearish trend is already very clear. The short-term, medium-term, and long-term moving averages are all aligned downward, and the overall market sentiment is bearish.
The recent small uptick is only a brief rebound during the ongoing decline. There is relatively strong resistance overhead, and bullish momentum is insufficient, so the probability of a subsequent pullback is high.
For trading, you can look to short on rallies in the 88-90 range. On the intraday timeframe, first expect a pullback to the 77-80 range—trading in line with the trend is more prudent.
$SOL #PYTH今日解锁21.3亿枚代币