Binance SOLUSDT 1h Trend Prediction

SOLUSDT has been in a continuous retracement and correction over the past hour. From the candlestick chart, a small-cycle top structure has been formed, with price breaking below all moving average supports and descending to the lower Bollinger Band. Currently, the funding rate is negative, indicating a significant premium on the short side. Despite the near-equilibrium of active buy and sell volumes, major long and short accounts and large holders' positions are predominantly long, possibly reflecting contrarian betting. In the short term, this suggests a higher likelihood of continued downside movement. Regarding support and resistance, the zones below S1 (216.01) and S2 (212.28) have limited room. Currently, momentum indicators (RSI/KDJ/MACD) all favor a higher probability of testing S1 downward, with weaker rebound recovery signals. The Bollinger Band bandwidth has contracted to 0.07. If the price effectively breaks below S1 in the near future, it could trigger a new round of decline. The DMI and ADX combination clearly indicate that the current dominant trend is bearish and very strong. Market volatility is high, with rebounds being quickly absorbed. The MACD green bars are continuously enlarging without showing bottom signals, indicating significant risk in short-term bottom fishing. Large account long/short ratios and positions are substantially above 1. However, this structure reflects passive long-side holding by large traders; under short-term bearish dominance, it is recommended to trade in line with the trend and avoid contrarian long entries. Although trading volume remains stable, no significant accumulation or reversal signals are evident. Conclusion: There is a high probability that the price will further decline and test the support around 216 in the next hour. If a rapid rebound occurs, resistance will be primarily at 220 and below the MA5, MA10 resistance zones. It is advised to participate only in short-term trades, closely monitoring support zones to prevent adverse extreme movements. If the price effectively breaks below the 216.00 support level, be aware of the risk of momentum release in the 212.28–216.00 range. Stop-loss can be set below S1; if the rebound shows weakness and lacks volume, it is prudent to exit promptly.