After the sauce-infused boots, the big pie encountered a Waterloo, and the early pig force throw caused the big pie to completely retract all the gains of this week, forming a clear head and shoulders pattern on the daily limit, currently resting near the middle track of the Bollinger Bands.
Looking at the 4-hour limit, the strength of the big pie is not strong, 91000 has changed from previous support to current resistance, and the Bollinger channel shows signs of opening. If the afternoon continues to maintain a weak state, it will certainly test the support situation near 8.8 in the evening.
Big pie 9.05-9.1 range, looking at 8.9-8.8, defense at 9.15. Gestures 3200-3150 range, looking at 3100-3050, defense at 3170.
The recent trend of the pancake shows characteristics of intensified competition but weakened bearish forces, and future trends may depend on the breakout situation at key resistance levels.
The daily chart shows that the aggressive selling phase has lost momentum, and sellers find it difficult to maintain control over the market. Although prices are still below short-term and medium-term trend indicators, the overall structure remains in a bearish zone, but the distance between prices and the faster trend line is narrowing, indicating that selling pressure is weakening. The pancake is fluctuating within a continuously narrowing range, suggesting that a one-way expansion of prices may occur in the future.
- Momentum Indicator: Overall momentum remains negative, and the market is in an adjustment phase. However, the trend of deteriorating momentum is slowing down, and the RSI indicator shows that selling pressure is no longer dominant. The bearish momentum structure is improving, seller efficiency is declining, and the market may be in a transitional phase.
The pancake is forming a higher pivot structure, gradually creating a typical ascending triangle on the chart, with the upper side being horizontal resistance and the lower side being an increasingly raised support line.
Pancake 9.15—9.18, look at 9.3—9.4, defend at 9.1 Yitai 3250—3300, look at 3380—3450, defend at 3230
The pancake's daily limit level shows a situation where it moves along the wall from the dripping position, with prices running above the average limit. Additionally, the MA's bullish arrangement and golden cross form a short-term bullish situation. On the other hand, the pancake at 9.4 is still in a passive state, and whether it can effectively break through requires further momentum.
The hourly limit has continuously closed with gains, accompanied by relatively long lower shadows. Although the center of gravity is slowly shifting, the volume is obviously insufficient. It is somewhat difficult to break through yesterday's cake level, and this round of rushing is not expected to form a head and shoulders pattern, while also needing to be cautious of divergence risks after excessive stretching.
Pancake 9.26—9.3, looking at 9.15—9.1, defending 9.35 Elegance 3340—3380, looking at 3250—3200, defending 3400
SOL is currently at a critical position, with short-term moving averages such as the 9-day EMA having fallen below the 20-day EMA. The MACD continues to show bearish signals, and the RSI hovers below the midline, indicating overall weakness in the rebound strength.
From a 4-hour perspective, SOL is exhibiting standard box movement, with 142 showing significant resistance, limiting the enthusiasm of buyers. Pay attention to the rebound strength during the day; if it is weak, it may drop.
A drop may occur between 139—142, and watch for 133—130, with a defense level at 145.
SOL is currently in a range oscillation state, with prices approaching the strong rental resistance level of 137.9. Momentum has weakened, and the moving averages are showing a death cross, indicating a potential pullback in the short term.
The 2-hour MACD bullish momentum is weakening, while the daily MACD golden cross is upward, with bulls still holding an advantage. The EMA short-term moving average pressure is significant, but medium to long-term support remains effective, with strong support on the daily chart.
There have already been 7 instances near the 139 level yesterday, which can be cleared.
The big coin is oscillating around the 90,000 mark, with prices fluctuating between 90,000 and 92,000, engaged in a tug-of-war.
The technical indicators show a bearish pressure on the hourly chart, indicating a weak trend, but there is also a possibility of a rebound in the short term. Market sentiment is becoming cautious, with continuous outflows from ETFs, and attention needs to be paid to the breaking points of 92,000 and 90,000 support levels.
The big coin is 8.95—9, looking at 9.15—9.25, with a defense at 8.9. The index is 3050—3100, looking at 3200—3250, with a defense at 3030.