Looking at the hourly chart, Solara is seeing a fierce downtrend. The coin price has directly broken below the lower Bollinger Band, and the MACD bearish green histogram bars are continuing to expand, indicating strong downside momentum.



Short-term support is at 77.5, with resistance at 80.5. Don’t rush to bottom-fish—so long as it fails to reclaim the middle band, the downtrend will continue. #SOL
SOL0.85%
View Original
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.
  • Reward
  • 5
  • Repost
  • Share
Comment
Add a comment
Add a comment
RetroRadioEcho
· 07-08 09:43
Don't get itchy fingers before the MACD golden cross appears; controlling your hands is more important than bottom fishing.
View OriginalReply0
SucculentCross-Section
· 07-08 09:41
Green bars expanding + breaking lower band, classic bearish arrangement.
View OriginalReply0
GateUser-34d2b0ab
· 07-08 09:37
Indeed, if the middle band does not return, don't rush. Wait for a stabilization signal.
View OriginalReply0
SushiStopLoss
· 07-08 07:48
This drop is pretty brutal, I've already cut my position, and I'm waiting.
View OriginalReply0
NodeUnderTheAurora
· 07-08 07:38
If 77.5 fails to hold, where is the next box?
View OriginalReply0
  • Pinned