On January 27, 2026, at 11:00, SOL is quoted at approximately $124.1, with intra-day oscillations and corrections. It is overall in a daily downtrend channel, with obvious selling pressure during rebounds, indicating a sideways to bearish trend.

1. Key Price Levels (Unit: USD)

- Support: 122 (lifeline), 120-121 (intraday pullback), 118 (strong support)
- Resistance: 125.5-126, 127-128, 130 (strong resistance)

2. Technical Indicators

1. Daily Chart: RSI around 42, indicating weakness; MACD in a bearish zone, green bars converging but not reversing; moving averages in a bearish alignment, with price below key moving averages.
2. 4-Hour Chart: RSI at 46, neutral to weak; MACD below zero line, bearish dominance, insufficient rebound momentum; multiple upper shadows, heavy selling pressure above.
3. Hourly Chart: Oscillating with repeated fluctuations, lacking sustained volume, prone to quick rises and falls.

3. Trading Strategies (Risk Control First)

1. Short on rebounds: Enter at 125.5-126, stop-loss above 127.5, target 122-121, break below to 118.
2. Short-term long at low levels: Stabilize and enter at 122-121, stop-loss below 120, target 124.5-125.
3. Position sizing: Single position ≤20%, strict stop-loss, quick entries and exits in volatile conditions.

4. Risk Warning

- Market sentiment remains in fear territory, capital outflow pressure persists. If 122 is lost, the price may accelerate downward to the 120-118 range.
- There are many long positions around 130, which may lead to short covering; when rebounds are weak, it could trigger short sellers to add positions.