SOL This Month's Bottom Buying Zone Analysis:
First, clarify the trend's peak: Observing from the 45-day moving average level, it is currently in a death cross state, and the two lines are opening downwards, indicating an overall bearish trend. The current price hovers near the lower middle band of the Bollinger Bands, with the middle band located at 148.5. This is also why SOL has repeatedly faced resistance around 146 during rebounds and has been unable to effectively break through the key level of 148.5.
Only by stabilizing above 148.5 can the trend possibly shift towards bullish.
Currently, SOL is operating between the lower middle bands of the 10-day, 15-day, 20-day, and monthly Bollinger Bands, with support zones concentrated between 114-102 across all levels; this range can serve as the main reference for bottom buying this month.
At the same time, the EMA7-EMA30 for the 10-day, 15-day, and 20-day has all been lost, with no obvious support. The monthly EMA52 is located around 109.5.
Therefore, provided that the 100 level does not break, the bottom buying range can be set between 114-102.
In the event of extreme market conditions, the price may briefly break below 100 and test the 96.25-95.65 area. If it further breaks below 95, it will be considered a valid breakdown, and the subsequent test may challenge the support around 86.25-84.85.
