Binance SOLUSDT 12h Trend Prediction

SOLUSDT, after falling from a previous high, is now situated in the lower half of the Bollinger Bands; simultaneously, the 12-hour major cycle candlestick chart indicates a continuation of the downtrend, with no significant increase in volume, showing a clear bearish trend. In terms of technical indicators, MACD maintains a long-term negative value, though there are faint signs of a golden cross, but lacking strength; overall, it suggests bearish momentum. RSI and KDJ across multiple cycles remain in weak zones without notable turning points, reflecting insufficient buying interest. The DMI indicator shows the bears dominate and the ADX indicates a strong trend, implying that the current market is in a continued decline, with a clear bearish dominance and no evident confirmation of a rebound or support levels. All moving average systems form a bearish alignment; the price has consecutively broken below MA5 and MA10. Even occasional rebounds are unlikely to reverse the overall downward trend at present, with room for further decline to the MA5 (approximately 3 points downward). Regarding support and resistance, the recent S1 level is at 125.83, while the current price is at 131.32. If this support is broken, there is a risk of accelerated testing of the lower Bollinger Band or even lower levels (124.22). Rebound potential is limited, but risk of further decline remains. Although large traders' long holdings ratio and account ratio are relatively high, the active buy-sell ratio is only slightly above 1, indicating most long positions are passive holdings or speculative, with market players adopting a wait-and-see attitude, increasing downside risks. Combining candlestick patterns, technical indicators, and capital structure, SOLUSDT is highly likely to continue weak downward movement within the next 12 hours, with an estimated target zone of 124.50-128.50. During this period, an increase in volume could lead to sharp declines reaching the lower boundary support. Trading suggestion: primarily short-term bearish, with a stop loss set above the breakdown of MA10 at 131.90. If 125.83 support is lost, target lower levels at 124.22. Wait for a pullback confirmation before entering positions; refrain from blindly chasing rebounds.