Binance SOLUSDT 1d Trend Prediction

From the candlestick chart, SOLUSDT's recent overall trend shows a downward trajectory, with higher highs continually declining. Volume changes indicate a broadening decline. Currently, it is near the lower boundary of the prior consolidation zone (around 170), suggesting a higher probability of further decline. Regarding technical indicators, the Bollinger Bands are operating with the middle and lower bands, with the Percent B at 0.297, leaving room to touch the lower band. The short-term moving averages are arranged in a bearish configuration, with MA5 and MA10 both below MA20, reflecting persistent short-term bearish pressure and a clear downtrend. On the RSI front, RSI6 is at an extremely oversold level (17.37), indicating a fierce short-term downtrend. Although there is a rebound demand, no obvious signs of stabilization have emerged. The KDJ indicator's J value has dropped below zero, signaling extreme overselling but has yet to form a golden cross, maintaining a weak market posture. The MACD diverges downward with the red histogram turning green, deepening the downward expectation; no obvious bottom divergence or reversal signals are observed. Within the support and resistance intervals, if the price breaks below 170 in the short term, S1 (160.77) serves as a crucial support level, and further decline could test S2 (155.03). Despite large traders' positions favoring longs, the active buy-sell ratio is low, indicating short-term selling pressure dominates. Spot and short-term behaviors are strongly bearish, with no signs of major market players actively accumulating long positions. The short-term outlook is likely to sustain a weak retracement trend. It is advisable to remain cautious; aggressive traders may consider attempting short-term longs in the 160.77-170 range with a stop-loss below 155. Conservative traders should wait for signs of stabilization or bullish divergence in MACD/RSI before considering entry. Operational strategy should focus on defense, preventing further downside risks. If the price breaks below key supports such as 160.77, it could trigger accelerated declines, so close attention is needed on lower risk zones.