SOL surged to 94.15 before pulling back, with the MA7 crossing below the MA30 to form a death cross, indicating a weakening trend. Currently oscillating around 90.10, the KD is oversold and may rebound, but there is clear resistance at the moving average around 91.13.
Trading suggestion: 94-100 range, targets at 90-85-78.
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SOL Analysis
SOL surged to 94.15 before pulling back, with the MA7 crossing below the MA30 to form a death cross, indicating a weakening trend. Currently oscillating around 90.10, the KD is oversold and may rebound, but there is clear resistance at the moving average around 91.13.
Trading suggestion: 94-100 range, targets at 90-85-78.