7.2 SOL Afternoon Analysis

The bullish momentum of the 5-day moving average and the 10-day moving average has clearly weakened. After testing the previous high, the upward momentum is insufficient. The medium and long-term moving averages continue to exert downward pressure, and the overall bearish trend remains unchanged.
The price surged to 78.93 and then formed a stalling pattern, marking the end of this round of staged rebound. The previous short-term rally was too rapid, and the deviation indicator has not been fully corrected, leaving room for further corrections in the future.
Reference idea: When the price rebounds to the 78-80 resistance zone, consider going short at highs. The first target below is 74.