$SOL's recent performance is quite interesting. The price has approached the lower band of the Bollinger Bands, which usually indicates short-term overselling. As the Bollinger Bands gradually narrow, it often signals a potential upward move—this is a technical sign of a correction.
On the MACD side, the green histogram is still below the zero line, and the DIF is also below DEA, indicating that the bears still hold the upper hand. But I want to pay special attention to a detail: is there a bullish divergence? If the price continues to make new lows, but the MACD's green histogram shrinks and the lows are getting higher, that’s very significant—indicating that the bearish momentum is weakening, and the bulls are quietly gathering. Once such a divergence appears, the probability of a trend reversal is quite high.
The trading idea is as follows: Consider entering around the 90,900-90,400 range, with the first target at 92,200-93,000. If it breaks through, keep an eye on 94,000.
The key is to watch whether the MACD shows signs of bottoming out—that will be the real turning point.
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MetaMuskRat
· 16h ago
If this wave of SOL can show a bullish divergence at the bottom, that would be great. The key is whether the MACD can hold the bottom or not.
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DegenWhisperer
· 01-08 11:34
Sol is really testing the bottom this time. Once the bottom divergence appears, go all in immediately.
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DaoTherapy
· 01-08 03:21
If this bottom divergence of SOL really occurs, I'm going all in.
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TommyTeacher
· 01-07 19:15
You really need to watch out for bearish divergence, or else it could easily get knocked down.
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AirdropHunterWang
· 01-07 19:14
Bottom divergence is explained perfectly. The biggest fear is false breakouts; we need to wait until MACD truly confirms a bottom before taking action.
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LiquidationWatcher
· 01-07 19:05
If this bullish divergence in SOL actually occurs, it would indeed be a turning point.
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BTCBeliefStation
· 01-07 19:00
This move by SOL is quite intense, the lower Bollinger Band is touching, waiting for a rebound.
We can only buy in when the MACD bottoms out, don't rush.
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ThatsNotARugPull
· 01-07 18:55
SOL will make me believe it if it truly lifts the bottom this time, otherwise I'll keep catching falling knives.
#MSCI未排除数字资产财库企业纳入范围 January 8 Early Morning Market Observation
$SOL's recent performance is quite interesting. The price has approached the lower band of the Bollinger Bands, which usually indicates short-term overselling. As the Bollinger Bands gradually narrow, it often signals a potential upward move—this is a technical sign of a correction.
On the MACD side, the green histogram is still below the zero line, and the DIF is also below DEA, indicating that the bears still hold the upper hand. But I want to pay special attention to a detail: is there a bullish divergence? If the price continues to make new lows, but the MACD's green histogram shrinks and the lows are getting higher, that’s very significant—indicating that the bearish momentum is weakening, and the bulls are quietly gathering. Once such a divergence appears, the probability of a trend reversal is quite high.
The trading idea is as follows:
Consider entering around the 90,900-90,400 range, with the first target at 92,200-93,000. If it breaks through, keep an eye on 94,000.
The key is to watch whether the MACD shows signs of bottoming out—that will be the real turning point.