Looking at the recent market for SOL, the technical indicators are actually promising. The short-term moving averages have formed a golden cross, along with three consecutive bullish lines, showing a clear long positions arrangement. However, the problem arises—Trading Volume has significantly shrunk, which is awkward. The divergence between volume and price is so evident that it makes people a bit uneasy.
The price is currently stuck at the level of 129.69. Whether it can push up to 133.96 is a watershed moment, but to be honest, without trading volume to support it, the probability of a breakout is really low. A more realistic scenario might be that it bumps here and then falls back.
If it really retraces down, the support to look at is around 126.69. To be honest, if it can drop to that point, it would actually be a good buying opportunity. The overall direction is still upward.
The external environment hasn't shown anything particularly noteworthy. The U.S. stock market has risen a bit recently, which has had some positive impact on the crypto market, but it's nothing to write home about.
In this case, you can appropriately offload some chips around 130, and then buy back when it rebounds to 126.69. The premise is to control leverage well and not to risk all your assets.
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SquidTeacher
· 12-23 05:28
Divergence between volume and price is really the most annoying thing, breaking through what?
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To be honest, 126.69 is the level I want to buy, it doesn't mean much here now.
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It's another rebound without volume, I bet five bucks it will crash back down.
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US stocks rose a bit and you think it will link up? Wake up, everyone.
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I sold half of my chips at 130, this move is okay, just see if it can really fall to the buy low position later.
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The bullish sequence is a bullish sequence, but this volume is really incredible, air break is predetermined.
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Haha, I feel like this wave is just to trick retail investors into chasing the price.
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If it weren't for that support over there, I would have panicked long ago, at least I can still take a look.
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Those who say leverage can be uncontrolled are lying; when problems arise, no one can escape.
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The moving average crossover looks pretty appealing, but the trading volume clearly shows it has failed.
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GreenCandleCollector
· 12-22 16:54
Volume-price divergence is the real trap, don't be fooled by those three Bullish lines.
View OriginalReply0
MysteryBoxBuster
· 12-22 16:52
The thing about price-volume divergence is that, to put it bluntly, the long positions are just bluffing.
Looking at the recent market for SOL, the technical indicators are actually promising. The short-term moving averages have formed a golden cross, along with three consecutive bullish lines, showing a clear long positions arrangement. However, the problem arises—Trading Volume has significantly shrunk, which is awkward. The divergence between volume and price is so evident that it makes people a bit uneasy.
The price is currently stuck at the level of 129.69. Whether it can push up to 133.96 is a watershed moment, but to be honest, without trading volume to support it, the probability of a breakout is really low. A more realistic scenario might be that it bumps here and then falls back.
If it really retraces down, the support to look at is around 126.69. To be honest, if it can drop to that point, it would actually be a good buying opportunity. The overall direction is still upward.
The external environment hasn't shown anything particularly noteworthy. The U.S. stock market has risen a bit recently, which has had some positive impact on the crypto market, but it's nothing to write home about.
In this case, you can appropriately offload some chips around 130, and then buy back when it rebounds to 126.69. The premise is to control leverage well and not to risk all your assets.