Based on the current SOL Technical Analysis, the trading strategy is as follows:


Current price: 205.93, up 11.97% in the last 24 hours. Bullish signals: Super Trend is bullish, price holds above 197.66: RSI is 72, in the strong zone; MACD golden cross moving up, momentum strong.

Trading advice: Buy in batches when the price retraces to the 203-205 range, with a stop-loss set below 197. Short-term target is 210-215, and mid-term looks at 220. Risk warning: MFI has fallen from 85 to 63, indicating a slowdown in capital inflow; the price is nearing the upper Bollinger Band at 211.84, posing a retracement risk; it is recommended to control the position size at 30%-50%. Market catalyst: VanEck has submitted the first JitoSOL spot.
Solana ETF application, expected to bring institutional capital inflow. #crypto market rebound
SOL-0.41%
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