There have been some interesting technical signals for Solana recently. The short-term moving averages (5-day and 10-day) have started to turn upward, forming a golden cross with the price trend — which usually indicates a potential rebound in the short term.
But there is a caveat. The long-term moving averages (7-day, 25-day, 99-day) still maintain a bearish alignment, indicating that the bottom support has not yet been firmly established. Currently, the bulls and bears are in a tug-of-war, with no one having an absolute advantage.
From an operational perspective, the most prudent approach at this stage is to take a light position and attempt a tentative long, or simply observe for now. Regardless of which plan is chosen, setting stop-losses is essential — risk management is always the top priority. The right time to add to your position is after Solana's price stabilizes above the key resistance level of 135.10, confirming an upward trend for greater confidence.
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JustHodlIt
· 01-20 03:03
Golden cross is a golden cross, but the long-term moving averages are still weak, which is a typical false rebound signal...
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If it can't break 135.10, don't even think about it. Entering now is no different from gambling.
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Trying with a small position is okay, but don't be tempted by short-term gains, really.
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This wave of SOL is a bit sticky, the golden cross can't fool me either, let's wait and see.
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Why is it still tugging back and forth? Luckily, I didn't go all in...
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Have you set your stop-loss? That's the real life-saving tool.
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Breaking the key level of 135 is what matters; right now, everything is fake.
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Short-term golden cross? Wake up, everyone. The long-term trend is still bearish.
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Observe for now, don't rush to get in. This kind of market is the easiest way to lose money.
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The bulls and bears are fighting hard, no one should be too greedy.
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OnchainUndercover
· 01-20 03:02
Golden cross is a golden cross, but the long-term moving averages are so bleak... This rebound still feels hollow.
Let's see if it stabilizes above 135.10; entering now would just be catching a falling knife.
A light position to test the waters is fine, but I think it's smartest to stay on the sidelines.
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MEVHunterZhang
· 01-20 02:50
Golden cross is a golden cross, but the long-term trend is still a bearish arrangement, which is quite awkward... To put it simply, it's just a rebound, so don't celebrate too early.
Light positions to test my agreement; the 135.10 threshold must really be held, or else it will be a repeated struggle.
Stop-loss is really something you can't skimp on; once you've lost, you'll understand.
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TokenEconomist
· 01-20 02:48
actually, the moving average crossover isn't as bullish as it sounds—think of it like traditional support/resistance dynamics but applied to momentum decay rates. the real issue here is the longer-term ma arrangement screaming bearish, ceteris paribus we're still trapped in distribution phase. risk-adjusted position sizing > gambling on 135.10 breakouts, fr fr
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MEVHunterLucky
· 01-20 02:44
A golden cross is a golden cross, but the long-term trend is still falling. This wave is just a rebound, don't be fooled.
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gaslight_gasfeez
· 01-20 02:41
Golden cross remains a golden cross, but the long-term moving average is still pressing down there. This is a typical sign of a false breakout.
I agree with testing with a small position, but really, I won't move if the 135.10 level isn't broken.
Set your stop-loss properly, and don't be greedy.
There have been some interesting technical signals for Solana recently. The short-term moving averages (5-day and 10-day) have started to turn upward, forming a golden cross with the price trend — which usually indicates a potential rebound in the short term.
But there is a caveat. The long-term moving averages (7-day, 25-day, 99-day) still maintain a bearish alignment, indicating that the bottom support has not yet been firmly established. Currently, the bulls and bears are in a tug-of-war, with no one having an absolute advantage.
From an operational perspective, the most prudent approach at this stage is to take a light position and attempt a tentative long, or simply observe for now. Regardless of which plan is chosen, setting stop-losses is essential — risk management is always the top priority. The right time to add to your position is after Solana's price stabilizes above the key resistance level of 135.10, confirming an upward trend for greater confidence.