Foreign media: SOL consolidation with decreasing volume is approaching a decisive move

After a sharp decline in June, SOL once rebounded to around $84, but subsequently failed to extend its upward momentum. According to foreign media analysis, the price is still narrowing within a symmetrical triangle, with neither bulls nor bears having a clear advantage, and the short-term trend is approaching a decisive point.

Price Approaching the End of the Triangle

From the daily chart structure, the upper trend line continues to move downward while the lower support line gradually rises, resulting in a significantly narrower price range. The latest SOL price is about $75.5, which is close to the triangle's end—this typically means the market may see increased volatility.

This pattern itself does not indicate a clear direction, but suggests the previous post-selloff balance remains unbroken. At present, buying momentum is not yet sustained, while selling pressure has eased compared to June.

MACD Turns Positive but RSI Remains Neutral

The article notes that the MACD has recently turned slightly positive, with the histogram moving back above the zero axis, showing that downward pressure has weakened and short-term momentum has improved compared to before. Meanwhile, the RSI is around 51, just above the neutral line of 50.

This means market sentiment has recovered from a weak range, but it is not enough to confirm a new upward trend has formed. Therefore, the market is currently closer to a consolidation phase rather than a clear breakout.

$78.70 and $74.96 Become Key Levels

If the price breaks upward, foreign media highlight the key levels as $78.70, $83.85, and $88.41 in that order. Among these, $78.70 is the first short-term resistance; if it is firmly held, the market may have further room to recover above.

If the price weakens, attention should be paid to $74.96, $67.71, and $59.76 on the downside. The article points out that if $74.96 is lost, SOL may once again face deeper corrective pressure.