[Coin World] Looking at the performance of SOL in the past few hours, it's still quite interesting. Compared to the same period the previous day, although there has been a pullback, the latest Candlestick is a Bullish line, and the Closing Price is above the Opening Price, indicating that long positions are vying for dominance.
From the Candlestick pattern, the small Bullish line combined with synchronized price and volume contraction—trading volume has significantly declined, and the market appears a bit quiet, with low participation. This situation is usually a precursor to brewing changes.
The MACD histogram has been in the negative value area, but the key point is that it is gradually getting shorter, which precisely reflects the weakening of bearish strength, and the signals of a bullish counterattack are becoming increasingly obvious. At the same time, the KDJ has completed a golden cross, and the indicator value is oscillating around 14, having entered the oversold area—this is a typical sign of a rebound.
The price is currently fluctuating between 123 and 127. The support level is at 123.0, with the recent low at 123.37, and the resistance level is at 127.0, with the recent high at 128.07. According to technical analysis.