1. Daily Line Analysis
The current price of Solana (SOL) is $127.2, and the overall trend is a fluctuating downward pattern. From the daily chart, SOL has been blocked and fallen back from around $160, breaking through several key support levels. Recently, SOL has repeatedly tested the support around $120, indicating that this position has strong support strength.
In terms of moving averages, both MA10 ($135) and MA30 ($145) are trending downward, indicating that bears are still in a dominant position. However, the current price is close to the previous low, which may trigger a short-term oversold rebound demand.
The MACD indicator shows that the fast line (DIF) and the slow line (DEA) are below the zero axis, and the short-term momentum column continues to increase. However, the recent momentum column has narrowed, suggesting that the short-term strength has weakened and there may be signs of a rebound in the short term.
Daily trading suggestions: If SOL can hold the support level of $120 and show signs of stabilization, aggressive investors can consider tentatively going long with a light position, with a target of $135. If it falls below $120, it is recommended to wait and see or reduce positions.
2. Four-hour line analysis
On the four-hour chart, SOL's volatility has increased significantly, and the current price is around $127.2. The previous downward trend is obvious, and both MA30 ($133) and MA120 ($150) are showing downward pressure. In the short term, SOL needs to break through the suppression of MA30 to see more room for rebound.
The MACD indicator shows that the fast and slow lines form a dead cross, and the short-selling force is gradually weakening, but there is no obvious bullish signal. At the same time, the short-term rebound is likely to encounter resistance. If it fails to effectively break through the $130 mark, SOL may fall back to the $120 support again.
Four-hour operation suggestion: Before the $130 resistance fails to be effectively broken, it is recommended to wait and see or operate with a light position. If SOL breaks through $130, you can consider short-term follow-up, with the target at $135.
3. One-hour line analysis
From the one-hour chart, SOL is currently fluctuating in a narrow range of $120-130, and the short-term trend is weak. The moving average system as a whole shows a suppressive effect, especially the MA30 moving average forms a short-term pressure level near $128. The MACD indicator shows that the long and short forces are relatively balanced, and the oscillation pattern may be maintained in the short term.
If SOL breaks through $128, it may trigger the intervention of short-term funds and push the price further up; if the price falls below $120, it may face a new round of decline.
One-hour operation suggestion: Short-term investors can pay attention to the breakthrough opportunity near $128. If it breaks through and stabilizes, you can go long with a light position, with the target at $133 and the stop loss set below $125. If it falls below $120, it is recommended to wait and see with a short position.
Summarize
Overall, Solana is currently at a critical point of shock adjustment, and it is crucial to break through $128 in the short term. Market sentiment is still bearish, but there is a need for a rebound in the short term. Investors need to pay close attention to the performance of key support levels and adjust strategies flexibly.
