February 3 SOL Market Outlook

The daily timeframe for SOL has established a bearish trend, with EMA across multiple periods showing a standard bearish alignment. The moving average system is exerting clear resistance on the price. The current rebound is constrained by medium- and long-term moving averages, and trading volume remains insufficient, indicating a typical technical retracement rather than a trend reversal signal. The core structure of the medium-term downtrend remains unchanged, and the subsequent market is likely to continue oscillating downward.

SOL Trading Suggestion: Look for a rebound around 104-110 to target a drop to 98-93.