Binance SOLUSDT 1d Trend Prediction

SOLUSDT is currently in a strong upward trend on the daily chart. Major moving averages (MA5, MA10, MA20) are showing a bullish alignment, and the price has already surpassed all short- and medium-term moving averages. Even though the MA50 remains below MA5-20, short-term momentum remains vigorous. The MACD indicator’s golden cross signal is strengthening, with DIF significantly higher than DEA, and the histogram momentum continues to expand, indicating short-term buying pressure is consolidating with no obvious signs of exhaustion. Coupled with ADX above 20, the market trend is relatively strong. KDJ indicator’s K, D, and J values are all at high levels. Although in the short-term overbought zone, historical experience suggests that as long as the main force maintains high confidence in longs, overbought conditions tend to further push prices higher. RSI across multiple periods (6, 12, 14, 24) are all well above 70, indicating overbought levels. However, there is no strong divergence in the short term. A sudden jump or increased volume on upward movements should not cause panic, but quick pullbacks after rapid rises should be cautioned. From the capital perspective, the active buy-sell ratio is roughly balanced but slightly bearish, while large institutional long holdings ratio exceeds 2.7, indicating that major funds are strongly positioned for longs. Retail investor sentiment is not extremely exuberant, providing sufficient driving force for the main upward wave. Regarding support and resistance, the 140.04 level has effectively broken through the MA20 (129.15). Short-term resistance above is in the 145-150 range at R1. An increase in volume and breakouts beyond expected levels could challenge higher targets (see R2-R3). Initial pullback support is expected in the 125-130 range. In the short term, a retracement is needed (due to RSI and KDJ being overbought), but the main upward trend remains intact. Consider accumulating on dips around MA5 or MA10 levels with staggered entries, with a stop-loss set below S1 at 125.83. If the upward momentum remains strong without consolidation, small-scale positions can chase the rally towards 145-150, with aggressive targets up to 153. Overall, the trend remains upward. It is advisable to follow the trend, focus on buying on pullbacks, and avoid blindly shorting. During consolidation phases, position sizes should be strictly controlled, with priority given to profit protection. Short-term strategy recommendations: place staggered buy orders within the main accumulation zone (138-135). Take profit at 145-150. Set stop-loss below 126; caution is advised if volume and downward momentum indicate a large bearish decline.