The AICoin 9.18 SOL price fluctuates like a dog stretching, how will it rebound next? Latest analysis

Article release time 2024.9.18—11:40

SOL price trend analysis: K-line pattern in the 130 to 140 range

The price has fluctuated within the range of 130 to 140 recently, like a dog stretching in the gym, showing obvious oscillation and consolidation. A long shadow line appeared on the 15th, followed by small positive lines and doji in the next few days, indicating that the market sentiment seems to be striving to return to calm, as if saying, "Slow down and take a deep breath." Technical indicator analysis: MACD: Currently, both DIF and DEA are in the negative zone, but the MACD histogram is getting shorter, as if telling us, "Hey, the downward momentum is gradually weakening, there may be a chance for a golden cross!"

The RSI14 hovering between 40-50 shows that the market sentiment is relatively neutral and weak, like an uncertain cat, unsure whether to eat or take a nap. EMA: Currently, EMA7 (132.801) is lower than EMA30 (137.227), and both are lower than EMA120 (145.040). It can be seen that there are signs of a short-term rebound, but the long-term trend still remains bearish. The trading volume significantly increased on the 17th, reaching 14957622, like a circus performance on a tightrope, capturing the audience's attention; however, on the 18th, the trading volume fell back to 1627158, and the market seemed to be in a wait-and-see mood, with everyone pondering, "What's the next step?"

Buy/sell point analysis:

Long position 1: 130 is like a small dog leaning on the sofa, providing a sense of security.

Long position 2: 125, an integer level, is like occasionally pausing while counting.

Stop loss point: 120, if it falls below this price, it is necessary to consider the mentality of "cherishing the elderly as a treasure" and stop loss in advance to avoid greater risks.

Short position 1: 137, this is like the pain at the end of cupping, pay attention and do not overly rely on previous highs.

Short position 2: 140, this is a critical line that must be handled with care, as if saying, "I'm here, do you want to come over?"

Stop loss point: 145, if this key point is broken, it may be time to adjust the strategy, stop loss in time, and not be swept away by the trend reversal.

As described by AICoin, the fluctuation of market sentiment and changes in technical indicators make us look forward to the next trend. Stay calm, focus on the technical aspects, and make the investment path simple.

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