Observation of SOL market on the morning of October 16



The current price is steadily above the 20-day moving average, and the overall trend maintains a strong bullish stance. From the MACD indicator, although it is still below the zero line, the histogram shows signs of gradually strengthening, indicating that bullish momentum is continuing to build. The price is operating near the upper Bollinger Band, and while it may face some resistance in the short term, the overall technical pattern remains biased towards the bulls.

In terms of operation, it is recommended to focus on building long positions in the 185-190 range, with a short-term target aimed at the 205-220 area.
SOL-2.18%
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