6.23



SOL continued to decline after peaking at 74.97, currently at 71.69, breaking below the previous support line at 72.74, with a low of 71.31, indicating accelerating bearish momentum.

24h high of 75.00, low of 71.31, trading volume of 31.64M SOL, with relatively shrinking transaction value, suggesting insufficient buying support during the decline, and the bulls are temporarily giving up resistance.
The AVL average of 73.15 has been broken, EMA of 72.20 has been breached, and the short-term moving average system is beginning to diverge bearishly. The BOLL middle band has been lost, opening space below.

Intraday, first observe whether the 71.30 level can form a short-term stabilization; if it cannot hold, the decline will accelerate toward the 70 integer support level.
Initial resistance for a rebound is at 72.70-73.00; if it cannot break above, the structure remains $SOL weak and bearish.
SOL-0.64%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments