📊 SOL/USDT 1H Technical Deep Dive Analysis

1. Trend Structure and Moving Average Patterns
The price has been declining unilaterally from the previous high of 130.14 USDT, finding support at 117.07 USDT and entering a correction phase. Currently, the price stabilizes around the 122.41 USDT level. The short-term MA5 and MA10 form a golden cross, with the price above the short-term moving averages, indicating a temporary bullish phase; however, the MA20, MA30, MA50, and MA100 remain in a bearish alignment. The price is being suppressed by the MA50 (125.52 USDT), and the medium-term downward pressure has not yet been alleviated. This correction is purely an oversold technical rebound, and a trend reversal remains to be confirmed.

2. Volume-Price Relationship and Capital Flow
During the rebound phase, trading volume significantly increased compared to the decline phase. The volume moving average turned upward simultaneously, indicating capital returning to the market and accumulation of buy orders at lower levels. Short-term funds are beginning to position. However, the volume has not experienced a breakthrough expansion, and the buying strength is insufficient to confirm a trend reversal. Most of the recent volume increase is due to short-term funds covering previous positions, not large-scale entry of new trend-following capital. Caution is advised for potential volume drying and a pullback after a high.

3. Multi-Dimensional Technical Indicator Validation
• MACD: DIF and DEA are closely aligned below the zero line. After the green bars narrowed, red bars appeared, indicating a slight recovery in short-term bullish momentum. However, the MACD has not yet broken above zero, only signaling a weak rebound. A mid-term trend reversal requires the MACD to effectively cross above zero and for the red bars to continue expanding.

• RSI: Currently at 46.23, in a neutral to slightly weak zone, not yet entering overbought or oversold territory. There is still potential for a short-term rebound, with no clear signs of momentum exhaustion. Attention should be paid to any upward turning signals; if the RSI encounters resistance near the 50 level and falls back, it could trigger a phase correction.

4. Key Price Levels and Market Dynamics
Resistance Levels
1. 123.04 USDT: The MA20 resistance level, serving as the first key obstacle for short-term rebounds. A valid breakout requires volume support; without volume, upward attempts are likely to encounter resistance and fall back.

2. 125.52 USDT: The MA50 moving average resistance, a core point for medium-term trend reversal. A volume-supported stabilization above this level would ease medium-term bearish pressure and open further upward space.

Support Levels
1. 120.28 USDT: The MA5 support level, also the lower boundary of the recent rebound consolidation. An important defensive position for short-term bulls; a break below would weaken the correction trend, trigger short-term long exits, and cause the price to revert to weak oscillation.

2. 117.07 USDT: The previous low and the starting point of this correction rally, marking a critical trend dividing line. A confirmed break below would mean the correction has failed, and the price would restart its decline.

Overall, SOL/USDT on the 1-hour chart is in a rebound phase following an oversold condition. Short-term bullish momentum has slightly recovered, but medium-term moving averages still exert resistance. The subsequent trend depends mainly on whether the key resistance at 123.04 USDT can be broken with volume, and the strength of support below. The interplay of volume and price will be crucial for the continuation of the trend.#黄金白银再创新高