#SUI sol This month's bottom-fishing range is locked in:

First, set a "top": look at the 45-day moving average. A death cross and the two lines opening downward indicate that the overall trend is bearish. Currently, it is slightly below the middle Bollinger Band, which is at 148.5. Why has sol been unable to break through 148.5 despite multiple rebounds, stopping at 146? That’s the reason. In the future, only a break and stabilization above 148.5 will reverse the major trend to bullish and bullish.
Currently, sol is trading between the 10, 15, 20-day Bollinger Bands and the monthly Bollinger middle and lower bands. Their lower Bollinger Bands are all in the range of 114-102, which can be used as a reference for bottom-fishing.
At the same time, the 10, 15, 20-day EMA7-30 have all been broken downward, with no support. The monthly EMA52 is at 109.5.
Therefore, the bottom-fishing range before the 100 level is between 114-102.
Considering extreme cases where a large spike might cause a false break below 100, the point after a false break is around 96.25-95.65. If it falls below 95, it is a true break, and the lowest could be around 86.25-84.85.