Morning of November 29

SOL is currently at 137.47, down 3.44 from the previous period. It has now fallen below the middle band of the Bollinger Bands and is currently between the middle and lower bands, indicating a weak short-term range. It is fluctuating within the range of 135.67-143.56, showing a generally weak oscillation trend; the trading volume has significantly increased during the decline, reflecting market selling pressure.
The KDJ indicator is in the low zone, indicating a certain possibility of a rebound; the MACD double lines are below the zero axis, and the MACD histogram is negative, indicating that short-term bearish strength still dominates.
Recently, multiple bearish candlesticks have appeared, and after the price broke below the support level, a "consolidation downtrend" candlestick pattern was formed.
At the same time, an increase in trading volume during the decline indicates a bearish short-term market sentiment.
In the short term, it is highly likely that the market will continue to show a weak oscillating pattern, with the upper resistance level at 139.48, the middle band of the Bollinger Bands, and the lower support level at 135.56, the lower band of the Bollinger Bands.
If the price can stabilize at 139.48, a rebound may occur; if it breaks below 135.56, it may further decline.
The above is only personal advice and is for reference only; please refer to the layout of Haoyu Shipan for specifics!
$SOL ‌#SOL