Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
December 23 Sol Analysis
Looking back at yesterday's review, the overall trend of SOL has shown to be relatively strong compared to BTC. After failing to break the resistance at 130, it dropped back to a low of 124, rebounded from the bottom, and rose to 126 by this morning.
sol analysis
The 4-hour Bollinger Bands show three parallel lines corresponding to prices of 127, 125, and 124, with the middle line trending upward. The 1-hour Bollinger Bands also display three parallel lines corresponding to prices of 128, 126, and 124, with the middle line showing a parallel trend.
MA Moving Average: The price on the 1-hour chart is above ma5 and below the upper band, ma5 crosses ma10 from below, sol is trending upward without breaking the upper band and downward without breaking ma5. On the 4-hour chart, the price is above the middle band, below ma5, ma5 crosses ma10 and ma30 from below, and the middle band does not break downward and does not break upward against ma5.
MACD
The 1-hour dual line is below the 0-axis, with the fast line crossing down through the slow line to form a death cross, and the bullish volume decreasing. The 4-hour dual line is above the 0-axis forming a golden cross, with the bearish volume decreasing.
RSI Indicator: 4-hour in the oversold trading range 20, 43, 1-hour RSI in the normal trading range corresponding to 54, 48
Summary: Bullish market
Resistance levels: 128, 130
Support levels: 124, 122
High-altitude strategy: If it does not break 128 on the way up, a short position can be established, and 130 can be used to add to the position.
Long-Short Strategy: 124 Long 122 Long Position Replenishment