SOL 4-hour K-line technical analysis: Bullish momentum weakens, the key level is here

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【Crypto World】SOL has shown interesting divergence in its recent 4-hour trend. Compared to the high point in the early hours of December 27, the price has sharply retraced, but it has still rebounded compared to the evening of December 25, although it has declined again compared to the morning of December 26. The latest candlestick shows a small bearish candle, closing below the open, signaling some weakness.

In terms of trading volume, it has been continuously shrinking over the past few hours, which coincides with the price rise—typical of weakening upward momentum. Regarding MACD, although the histogram is still in positive territory, it is gradually shortening, indicating that the bullish strength is gradually diminishing. The KDJ indicator has not yet shown a clear golden cross or death cross, currently at a neutral-leaning strong level of 54, without providing a particularly strong directional signal.

Based on BOSS Wallet data, short-term trading can consider the following key levels:

Long positions: Consider setting up at 120.06 and 120.0, with a stop-loss below 119.46.

Short positions: If the price breaks above 125.93 or faces resistance around 124.0, consider shorting, with a stop-loss above 126.56.

Support and Resistance: Recent support is at 120.0, resistance at 124.0, with the highest point reaching 125.93 and the lowest at 120.06. The current market lacks a clear trend, so it is advisable to wait for stronger breakout signals before entering.

SOL0,84%
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GateUser-a606bf0cvip
· 18h ago
The weakening momentum is so obvious, still want to buy the dip? I think it's a gamble. --- Again, divergence between volume and price. Sol's current move is really a bit weak. --- Can the 120 support hold? That's the question. Don't be fooled. --- When the MACD histogram shortens, be alert. The bulls are running out of steam. --- It seems like it will continue to test the bottom. This level isn't safe enough. --- No signals on the KDJ. I don't dare to act. Let's observe and see. --- The correction is so fierce, but the rebound is only so-so. Is a bear market coming? --- Volume shrinks but prices still rise? Isn't this a classic trap to lure buyers? --- I'm not that optimistic about the key level at 120.
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FlashLoanLarryvip
· 18h ago
Trading volume contraction momentum is weak, this wave feels a bit虚啊 --- Waiting for bottom confirmation again? I'll just see if 120.0 can hold --- MACD histogram getting shorter, are the bulls really about to give up? --- Feels like there might be another drop, no rush to get in --- That 120 level feels like a trap, be cautious --- Wait, if volume doesn't match the price increase, that's very dangerous --- Small bearish candle + shrinking volume, a典型的骗线套路? --- KDJ54 is still sleeping, no real reference value --- The bulls are already out of blood, bottom hasn't confirmed a dead end yet --- This kind of divergence is the most annoying, can't see the clear direction
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GateUser-0717ab66vip
· 18h ago
Is the volume contraction so obvious? Is this really all the bulls have? Feels like it's about to break 120.
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ReverseTrendSistervip
· 18h ago
Momentum is declining but hasn't bottomed out yet. The 120 level is really critical. Don't chase the highs.
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WhaleStalkervip
· 18h ago
The decline has shrunk, but still expecting a rebound. Bulls are just fooling themselves. It's another typical weak rally. I don't think this level at 120 will break either. I saw the MACD histogram getting shorter early on. Is a death cross still far away? This wave of SOL is indeed interesting, but it feels like it needs to drop another wave. I'm actually thinking of buying at the 120 bottom, just to see if they dare to catch this knife.
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