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SOL's current trend is biased towards sideways consolidation. Short-term trading should focus on shorting rebounds. From the Bollinger Bands perspective, the price continues to operate below the middle band, which is turning downward and forming resistance. Although the bands are not significantly expanding, this indicates that in the short term, the price remains in a weak oscillation zone. If the price effectively breaks below the lower band support later, it is highly likely to open an accelerated downward channel. Meanwhile, the medium-term moving average system remains in a bearish alignment, creating multiple layers of resistance against price rebounds. The overall trend is still dominated by bears.
SOL trading suggestion: Consider entering short positions in the 88-90 range, with targets around 75-79.
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