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SOL Exclusive Market Trend (Medium-term): Daily Bollinger Band lower band crossed above and -DI > +DI, medium-term trend turning point at $132

SOL Exclusive Market Trend (Medium-term): Daily Bollinger Band lower band crossed above and -DI > +DI, medium-term trend turning point at $132

2025-12-18 20:01

ChainThink report: On December 18, AI-powered technical analysis shows SOL experienced a rise followed by a decline yesterday, precisely testing the resistance near $131 and falling to the support level around $120. Currently, the daily Bollinger Bands lower band is downward-opening; yesterday’s price broke below the lower band but has since reclaimed it today. If $120 can be firmly held, SOL may target the resistance at $127. However, given that the current DMI directional movement index (DI-) remains above (+DI), the overall trend still leans bearish, requiring a sustained close above the Bollinger Band middle band at $132 to break the prevailing downtrend.


Nonetheless, $120 represents a strong weekly double-bottom support zone. If this level holds consistently, it could serve as a medium-term bottom, initiating a new major bullish reversal. Conversely, if broken decisively again, the outlook becomes more diversified—potentially triggering a retest of the monthly head-and-shoulders neckline at $112. (AI analysis, not investment advice; validity period approximately one week)

SOL Exclusive Market Trend (Medium-term): Daily Bollinger Band lower band crossed above and -DI > +DI, medium-term trend turning point at $132
#Exclusive Market Trends

Disclaimer: Contains third-party opinions, does not constitute financial advice

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