10.31 SOL midday analysis

Looking at the current 4-hour chart, the price is currently at 186, near the upper boundary, indicating that the short-term price is approaching the support area at the lower edge of the Bollinger Bands after experiencing a decline.

The current K value is 30.99, D value is 28.34, and J value is 36.31. The K value has crossed above the D value forming a golden cross, and the values are in the low range, suggesting short-term rebound momentum.
MACD (12,26,9), DIF is -2.91, DEA is -1.59, and the MACD histogram is -2.63. Currently, DIF is still below DEA, and the histogram is negative, indicating an overall bearish trend, but attention should be paid to whether there is a bottom divergence or a golden cross signal appearing.

Support level to watch: 181-174
Resistance level focus: 193-205

Market Analysis
Currently approaching the lower support of the Bollinger Bands, the KDJ indicator has generated a golden cross signal, indicating a short-term rebound demand. However, the MACD is still in a bearish pattern, and the strength of the rebound needs to be observed to see if it can break through the middle track of the Bollinger Bands at 193.
Operation Suggestions
If the price stabilizes above 181, pay attention to the opportunity for a rebound to 193; if it breaks below 181, be wary of the risk of further decline to 174 $SOL .