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$SOL Signal】Hold Cash and Wait for Key Support Confirmation
After experiencing a sharp decline,
$SOL is weakly consolidating around 80 and is currently in a technical rebound phase within a downtrend.
🎯Direction: Hold Cash (NoPosition)
Market Analysis: The price (80.08) is below the EMA20 (82.23) and EMA50 (87.52), indicating a predominantly bearish trend. Although there is a slight rebound on the 4H timeframe, the last candlestick closed at 80.04, showing weak buying momentum.
Logical Analysis: The current rebound lacks key support elements. 1. Funding rate (-0.0167%) is negative, open int