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SOL is still in a bear-dominated phase overall, and any rebounds can only be taken as corrections, not as a trend reversal.
As for the news, the aftershocks from ecological security incidents have not yet dissipated; on-chain data continues to deteriorate; capital withdrawal is clearly evident; and the overall market sentiment is sluggish, jointly weighing down the market.
In terms of technicals, the price has been falling for consecutive weeks. After breaking key support, rebounds lack strength. The moving average system is aligned with the bears, suppressing the price. MACD continues to diverge downward, indicating ample bearish momentum. In the short term, multiple attempts to rally have repeatedly turned into failed rises, proving that sell pressure from above is extremely heavy.
Trading suggestion: short near 84-84.8, looking toward 81.6-80.4. If it breaks below 79.8, and 79
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