Binance SOLUSDT 12h Trend Prediction

The candlestick chart on the weekly/daily timeframe exhibits a continuous downtrend, with recent substantial retracement from higher levels. In a weak market environment, no sign of bottoming out has been observed. The MACD is in a death cross and the strength is increasing, presenting a classic bearish pattern. The short-term sharp decline is likely to persist. The lower Bollinger Band is being tested and is close to breaking below. If it fails to hold above 125.83 (S1), it is highly likely to continue testing lower support at 121.02 (S2). The RSI across multiple timeframes indicates severe oversold conditions. While there is a slight probability of short-term rebound, the main trend remains bearish, with a greater likelihood of oscillating downward than stabilizing upward. The momentum indicator ADX is relatively low (14.72), indicating that the trend has yet to stabilize and that bearish momentum dominates. The exchange's active buy/sell ratio is below 1, indicating insufficient buy pressure. The funding rate is negative, reflecting a strongly bearish market sentiment. Large holders' positions are slightly bullish, but this has not altered the main trend. They are attempting rebounds amid overall weakness, which entails low safety. In the short term, a primarily bearish stance is advised, with focus on the risk of breaking support levels. Stop-loss orders can be set above 126.60; if the rebound fails, maintain short positions. Practically, if the price cannot sustain a rebound or falls below the S1 support, it is recommended to continue shorting with a target range of 121.00–125.50. In the case of short-term oversold conditions and minor recovery, partial hedge positions can be considered, but the overall outlook remains bearish. Do not rush to bottom-fish.