#数字资产市场动态 How has SOL been recently? Honestly, it's just oscillating at low levels with no significant movement. On the 4-hour chart, the price has bounced several times but was pushed back at the same resistance level. The sell orders above are stacked quite heavily, making it difficult for the bulls to push through, and there hasn't been a proper breakout.
What about the technical analysis? The price is stuck below the lower band of the Bollinger Bands, which acts like a ceiling pressing down. The Bollinger Bands are contracting and sloping downward, indicating a clear short-term bearish signal. The MACD is still below the zero line; although the green bars are shrinking, there's no sign of a golden cross yet. This is just a technical rebound, not a reversal. The RSI indicator is even more straightforward—multiple attempts to rise above 50 have failed, showing that both retail and institutional buyers lack strong buying interest, and the market sentiment is cautious.
Overall, the current situation is not suitable for chasing longs. Instead of trading within the oscillation range, it's better to wait for a rebound to higher levels and then consider short positions. My personal approach is to look for entry points between 124 and 127. The first target is around 120, and if the price breaks downward, I would continue to hold the position.
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LiquidityWitch
· 7h ago
SOL has been hammered back again, and this support level is incredibly strong.
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AirdropJunkie
· 7h ago
sol this lousy position really isn't interesting, constantly hitting the resistance level, the bulls are too weak
Wait, short from 124-127? Feels a bit risky, aren't you worried about a reverse smash?
Your analysis seems really reliable, I also think this is just a technical rebound, no real reversal intention
Uh, actually I’ve never understood why sol is so weak, feels like there's no more heat
Let's try it out, if it breaks 120 I’ll join in, anyway holding coins right now is uncomfortable
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BoredRiceBall
· 7h ago
It's the same story again. SOL is like a dead pig not afraid of boiling water. Every rebound gets smashed again and again. I think it's better to just stay flat.
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SocialFiQueen
· 7h ago
This round of SOL is really boring, being squeezed tightly.
I'm also watching the short positions at 124-127, just waiting for that rebound.
The Bollinger Bands are all slanting downward, the technical outlook really has no hope.
Feels like I have to wait patiently for it to break out, so boring.
The MACD is still fluctuating below, a golden cross is still far away.
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MemecoinTrader
· 7h ago
sol bouncing like a broken record rn... 124-127 entry sounds spicy if this rejection holds, ngl the narrative collapse is *chef's kiss*
#数字资产市场动态 How has SOL been recently? Honestly, it's just oscillating at low levels with no significant movement. On the 4-hour chart, the price has bounced several times but was pushed back at the same resistance level. The sell orders above are stacked quite heavily, making it difficult for the bulls to push through, and there hasn't been a proper breakout.
What about the technical analysis? The price is stuck below the lower band of the Bollinger Bands, which acts like a ceiling pressing down. The Bollinger Bands are contracting and sloping downward, indicating a clear short-term bearish signal. The MACD is still below the zero line; although the green bars are shrinking, there's no sign of a golden cross yet. This is just a technical rebound, not a reversal. The RSI indicator is even more straightforward—multiple attempts to rise above 50 have failed, showing that both retail and institutional buyers lack strong buying interest, and the market sentiment is cautious.
Overall, the current situation is not suitable for chasing longs. Instead of trading within the oscillation range, it's better to wait for a rebound to higher levels and then consider short positions. My personal approach is to look for entry points between 124 and 127. The first target is around 120, and if the price breaks downward, I would continue to hold the position.