The recent price movement of Solana(SOL) has caused concern among market participants, with bearish forces showing a clear advantage, pushing the price down from $187 to the $143 area, where it still lingers at a low level, demonstrating obvious weakness.



In terms of technical indicators, the MACD shows a clear bearish characteristic, with the DIF line consistently positioned below the DEA line, and the green histogram continuously expanding, indicating that downward momentum is still accumulating. This technical formation suggests that attempting to operate against the trend at this time may face significant risks, and there is no clear signal of an end to the market's downward trend.

It is worth noting that the J value in the KDJ indicator has fallen to a very low level of 1.68, entering a severely oversold area, which usually triggers a short-term technical rebound. However, investors should remain cautious, as such rebounds are often only temporary phenomena and may even become an ideal opportunity for bears to increase their positions, rather than a genuine trend reversal.

In the current market environment, bullish investors may need to consider transferring assets to cold wallets for security, avoiding confrontation with the dominant trend. Entering the market rashly without a clear daily bottom confirmation signal may bring additional risks.

The market environment is always changing dynamically, making it particularly important to maintain an objective observation attitude and wait for the right entry opportunity. Only when clear reversal signals appear on the technical front may relatively safe participation opportunities arise.
SOL-10,86%
J-13,19%
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