Liying in the Crypto Circle: Latest Market Analysis of Solana (SOL)

Article Published on 2025.11.20—00:30

The current price of Solana is 139. Liying assesses that Solana (SOL) is in a downtrend, with strong bearish signals indicated by technical analysis. The candlestick pattern has formed a "Evening Star," combined with a bearish arrangement of moving averages, suggesting that the market's trend and momentum are leaning towards the bears. However, Liying has observed that the price is currently close to a strong support level of 128.7, which has previously served as a low point and has strong support potential. The effectiveness of this support and the possibility of a subsequent rebound should be monitored.

The daily line has quickly dropped from 140.6 to 134.5, forming a bearish engulfing pattern. The 2-hour candlestick shows weak rebounds, indicating further downside risk in the short term. The MACD shows a dominant bearish trend on the 2-hour chart. The EMA indicates a bearish short-term trend. Overall, Liying's analysis is once again validated, suggesting to hold short positions and continue looking downwards, waiting for a break below the previous low before seeking long positions, with safety as the priority.

Today's Latest Reference Points

Long Entry: 130, Add: 128, Stop: 126, Target: 140

Short Entry: 138, Add: 140, Stop: 142, Target: 130

The above analysis is based on market data and trend analysis and does not constitute investment advice. It is for reference only. It is hoped that it can help others with dreams find their place in this volatile market and embark on their own successful journey.

The content of the article is time-sensitive and for reference only; risks are to be borne by the reader.

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