SOL/USD (April 25th, Saturday)

Current price: 85.8 (Weekend narrow fluctuations, linked to BTC weakness)

1. Key Price Levels

• Resistance above:

◦ 86.5–87 (Short-term strong resistance, near the 50-day moving average)

◦ 88–90 (Dense trading zone, important trapped pressure)

• Support below:

◦ 84.5–85 (Short-term vital support, multiple rebounds and stabilization)

◦ 82–83 (Strong support zone, lower boundary of oscillation)

◦ 80 (Trend defensive position, a break indicates weakening)

2. Cycle Structure

• Daily chart: Mid-term downtrend channel not broken, highs decreasing, lows stabilizing; moving averages in a bearish arrangement, 50-day MA clearly suppressing.

• 4-hour chart: Weak oscillation, downward shift in center of gravity; Bollinger Bands narrowing, price below the middle band, rebound lacks strength.

• 30-minute chart: Narrow convergence, volume shrinking; short-term consolidation with no clear direction.

3. Technical Indicators

• MACD: Daily/4-hour below zero line, weakening bearish momentum, no golden cross, rebound is for correction, not reversal.

• RSI: 45–50 neutral, no overbought or oversold, lacking unilateral momentum.

• Volume: Rising with volume shrinking during upward moves, shrinking during pullbacks, characteristic of bottoming oscillation, neither bulls nor bears decisive.

4. Short-term Strategy

• Overall: Oscillating with a bearish bias, mainly observing, small weekend fluctuations, not aggressive.

• Short-term short: Rebound to 86.5–87 faces resistance, consider light short positions, stop loss above 87.5, target 84.5–85, break below to watch 82.

• Low leverage long: Rebound to 82–83, stabilize before considering long, stop loss at 81, target 86–87.

• Positioning: SOL has high volatility, trade lightly with strict stop losses.