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Solana (SOL) is currently in a complex market environment, facing downward pressure in the short and medium term, but still maintains a bullish trend in the long term.
From the hourly chart, SOL is showing a slight downtrend. The price has fallen below the short-term moving average and is currently hovering in the 190-185 range. Technical indicators such as DMI and MACD are both showing bearish signals, and it may continue to decline during the day. Investors may consider establishing short positions near 190, with a stop-loss set at 192 and target prices of 175 and 147.
The four-hour chart shows that SOL is still maintaining a slight downtrend. Although the price remains above the 200-period exponential moving average, it has fallen below the 21-period moving average. Indicators such as RSI, MACD, and DMI are all showing bearish signals, indicating a possible further decline. A medium-term short position can be established around 190, with a stop-loss at 202 and target prices at 164 and 147.
From the daily chart, SOL still maintains a medium-term rise trend. The price is above the 21-day and 200-day exponential moving averages, and the bullish structure at the daily level remains intact, with the 173-174 area forming significant support. Long-term investors may consider entering long positions on dips in the 173-174 range, with a stop loss set below 173 and target prices of 210 and 240.
Overall, Solana may face some pullback pressure in the short term, but the long-term trend remains bullish. Investors should flexibly use long and short strategies based on their own risk tolerance and investment goals, and reasonably control their positions and risks. At the same time, closely monitor market changes and important support and resistance levels, and adjust trading strategies in a timely manner.