Binance SOLUSDT 1d Trend Prediction

From a comprehensive technical indicator perspective, SOLUSDT is in a downward trend. The Bollinger Bands show that the price is operating between the lower and middle bands without any indication of breaking above the middle band, making a significant rebound unlikely in the short term. The RSI indicator is hovering in the mid-lower range, indicating weak market momentum and no signs of bullish dominance. The MACD main line and signal line remain below the zero axis, combined with a generally bearish candlestick chart, suggesting no clear signs of a trend reversal or stabilization. The DMI indicates that the bears are leading, and the ADX is above 25, implying that the current downward momentum is strong, with a high probability of continued decline. The funding rate is negative, and the active buy-sell ratio is below 1, reflecting a strong bearish sentiment in capital flow. Although the long-short account ratio and large institutional long positions still have an advantage, the price lacks effective support, indicating that capital has not yet formed a concerted effort to push the price higher. The key support level for the market is at 111.83. Resistance levels are distant, and if support below is tested and cannot stabilize effectively, the downside could further open up. Based on historical candlestick fluctuations, short- to medium-term targets may test the 120-115 range. Short-term trading advice is cautious; it is not advisable to chase longs currently. If the price reaches the support zone of 111.83-115.50, consider waiting for stabilization before short-term buying. Set stop-loss below 111.00. If a stronger daily reversal occurs, monitor whether the MA5 moving average can significantly climb back above other key averages; otherwise, maintain a bearish outlook on the decline. Capital management suggestion: hold a flat (no position) or light position, and wait for new stabilization signals before considering entry.