Today at midday, the market performance of SOL (Solana) is noteworthy. From a technical perspective, multiple indicators are showing positive signals, suggesting that there may be a rise in the short term.
Market sentiment has clearly warmed, as evidenced by the OBV (On-Balance Volume) indicator turning positive. At the same time, the MACD (Moving Average Convergence Divergence) indicator has formed a golden cross, indicating that upward momentum is continuously strengthening, with buying power beginning to dominate.
From the price trend, SOL is running along the upper band of the Bollinger Bands, which is usually seen as a strong signal. In addition, the EMA10 (10-day Exponential Moving Average) has crossed above the EMA20 (20-day Exponential Moving Average) forming a golden cross, further confirming the formation of a mid-term rising trend.
Considering the above factors, the short-term trend of SOL shows clear bullish signals. Market participants can pay attention to the performance in the 200-202 range; if this range is broken, the next important focus may be around 205.
However, investors still need to be cautious, closely monitor market changes, and manage risks well. The cryptocurrency market has always been highly volatile, and even with a positive technical outlook, potential risks cannot be ignored.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
15 Likes
Reward
15
6
Repost
Share
Comment
0/400
RetiredMiner
· 5h ago
Just shuttle directly.
View OriginalReply0
ProposalDetective
· 09-03 13:02
Already dived, falling to the bottom.
View OriginalReply0
GateUser-0717ab66
· 09-02 05:46
I've already gone all in.
View OriginalReply0
DefiSecurityGuard
· 09-02 05:43
mmm... technical indicators look sus. possible bull trap setup. DYOR and check your slippage settings.
Reply0
ConsensusDissenter
· 09-02 05:42
At a glance, it's a Be Played for Suckers trap.
View OriginalReply0
GasFeeCrying
· 09-02 05:35
It has risen again, continuing to be poor and short.
Today at midday, the market performance of SOL (Solana) is noteworthy. From a technical perspective, multiple indicators are showing positive signals, suggesting that there may be a rise in the short term.
Market sentiment has clearly warmed, as evidenced by the OBV (On-Balance Volume) indicator turning positive. At the same time, the MACD (Moving Average Convergence Divergence) indicator has formed a golden cross, indicating that upward momentum is continuously strengthening, with buying power beginning to dominate.
From the price trend, SOL is running along the upper band of the Bollinger Bands, which is usually seen as a strong signal. In addition, the EMA10 (10-day Exponential Moving Average) has crossed above the EMA20 (20-day Exponential Moving Average) forming a golden cross, further confirming the formation of a mid-term rising trend.
Considering the above factors, the short-term trend of SOL shows clear bullish signals. Market participants can pay attention to the performance in the 200-202 range; if this range is broken, the next important focus may be around 205.
However, investors still need to be cautious, closely monitor market changes, and manage risks well. The cryptocurrency market has always been highly volatile, and even with a positive technical outlook, potential risks cannot be ignored.