The 4-hour price retraced to the middle or lower band of the Bollinger Bands for support, and the MACD indicator maintained a golden cross, confirming that the medium-term upward trend remains intact.
The price stabilized above the previous rebound high, and after breaking through, the pullback did not fall below it, which is considered a trend continuation signal.
SOL Trading Suggestions: Pull back to around 134-130, then look up to around 141-150.
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January 8 SOL Market Outlook
The 4-hour price retraced to the middle or lower band of the Bollinger Bands for support, and the MACD indicator maintained a golden cross, confirming that the medium-term upward trend remains intact.
The price stabilized above the previous rebound high, and after breaking through, the pullback did not fall below it, which is considered a trend continuation signal.
SOL Trading Suggestions: Pull back to around 134-130, then look up to around 141-150.