$SOL The current price is 165, and the 4-hour timeframe is in a key support zone of a downtrend. The price is trading below the middle band of the Bollinger Bands at 163, indicating that the bears are in control. Coupled with a net capital outflow of 106 million, the bulls are losing strength. The price is approaching the lower band support at 154, suggesting a short-term bearish bias.
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.
$SOL The current price is 165, and the 4-hour timeframe is in a key support zone of a downtrend. The price is trading below the middle band of the Bollinger Bands at 163, indicating that the bears are in control. Coupled with a net capital outflow of 106 million, the bulls are losing strength. The price is approaching the lower band support at 154, suggesting a short-term bearish bias.