SUN

Summarizing the background of the SOL AI trading decision (Date: 2025/04/02 02:02 UTC).

Technical Analysis

The current SOL coin is assessing price movements based on the price data of the last 300 days. Recent candlesticks show a downward trend, and especially the closing prices over the last 30 days have been consistently decreasing. The 200-day moving average indicates a point about 10% higher than the current price, making it difficult for us to find a rebound point.

In particular, the confirmed downtrend over the last few months shows bearish signals in the RSI (Relative Strength Index) and MACD (Moving Average Convergence Divergence) indicators. The RSI has fallen below 30, which could indicate an oversold condition, but historically, rebounds at this level have often not occurred. The MACD continues to decline in the negative territory, suggesting a possibility of further decline.

These technical indicators reflect the current uncertain market conditions and the declining confidence of investors in the future of the SOL project. Therefore, investors planning for the medium to long term need to approach with caution. However, on a daily basis, holding may be considered. Strategies such as attempting to buy at the lows or waiting for a future rebound are necessary.

External Factors Analysis

Recently, investor confidence in SOL coin has somewhat weakened, and several external factors explain this. The most significant factor is the uncertainty across the cryptocurrency market. Regulatory changes in various countries and economic events are placing a significant burden on investors, and above all, concerns about a global economic recession are greatly contributing to the decline of SOL coin.

Additionally, there is a growing dissatisfaction among users regarding recent technical issues or network performance degradation. While SOL’s speed and processing capability have received positive evaluations, complaints from curators and developers are increasing, affecting the reliability of the SOL ecosystem. In this situation, new traders are hesitant to enter, and existing holders are either liquidating their assets or postponing investments.

In recent weeks, the market has been trying to stabilize with minor rebounds, but significant growth reversals will require solutions from the SOL team and systematic responses from the community. Such external factors demand that investors have a waiting period. Even if a short-term technical recovery approaches, it must be accompanied by psychological stability in the market.