Solana (SOL) Market Strategy Review

1. Last Week Market Review

1. Overall Trend: The market showed a volatile trend of rising first and then falling last week, rising for 3 days and falling for 4 days, ultimately peaking and then retreating, with bearish forces dominating in the later period and a weak tone continuing;

2. Daily Market Performance: The daily increase was about 2.47%, rising by 3-3.2 USD, but the price still has not broken through the key resistance level, with insufficient rebound momentum and a clear characteristic of retreating after reaching a peak.

2. Core Trading Parameters for This Week

1. This Week's Bull-Bear Line: 133.98 USD (Current price has not broken through this point, short-term bearish is dominant)

2. Bullish Take Profit: 140.54 USD → 144.59 USD → 151.15 USD

3. Bearish Take Profit: 127.42 USD → 123.37 USD → 116.81 USD

4. Key Resistance Level: 133.06 USD (Fibonacci 0.236), after touching during the day, it faced strong pressure, validating the effectiveness of resistance; the middle track of the daily Bollinger Bands serves as a trend-based resistance level.

$SOL 3. Technical Characteristics and Bull-Bear Pattern Judgment

1. Technical Indicator Signals: All moving average indicators are in a bearish arrangement sloping from the upper left to the lower right, and prices continuously operate below the middle track of the daily Bollinger Bands, indicating strong bearish sentiment in the market, with a solid bearish pattern;

2. Short-term Pattern (This Week): 133.98 USD is the dividing line for bulls and bears this week. If it cannot effectively break through this point, short-term operations should focus on shorting on rallies; only when there is a substantial breakthrough and it stabilizes at this level can small positions be arranged for short-term longs;

3. Trend Pattern (Medium to Long-term): Medium to long-term bearish forces are stronger than bullish forces, with no clear reversal signals from the technical perspective, and the weak trend remains unchanged, so it is not recommended to hold long positions for the medium to long term.