Binance SOLUSDT 1h Trend Prediction

The candlestick chart shows a continuous downward trend with consecutive bearish candles; past touches of the MA200 and the middle Bollinger Band have not resulted in effective rebounds, indicating short-term resistance continues to be released. After the Bollinger Bands converged, the lower band was broken; the current price is near the lower band, suggesting the downward momentum remains strong, with a high probability of further downside to test the support zone. Both RSI and KDJ indicators show oversold conditions but no bottoming signals; the short-term inertial decline is likely to continue with oscillating downward movements. The MACD histogram deepens in negative territory with a clear dead cross formation, implying the dominant trend remains bearish. Although large traders hold a high proportion of short positions, in the context of a generally weakening macro sentiment, buying support is limited; the negative funding rate further reinforces bearish sentiment. The support level S1 at the 157-162 range is expected to serve as a short-term test zone; breaking below the MA200 (183.58) away from the moving average line presents no rebound pressure line. Overall, it is advisable to follow the trend and short-sell with a target zone near 162-168; if the price falls below 157, further inertial downturn risks should be monitored; it is not recommended to eagerly buy the dip or go long at this time unless structural reversal signals are observed (such as bottom divergence or significantly increased volume).