1. Daily Line Analysis
On the daily chart, the current price of SOL is $132.4, continuing the weak and volatile downward trend in recent weeks. MA10 and MA30 moving averages continue to diverge downward, indicating that the market is dominated by shorts. The daily MACD indicator shows that the DIF line and the DEA line continue to run below the zero axis, the green energy column is significantly enlarged, and the short force is still strong.
The current support level is at $130. If this level is lost, it may further drop to $120. However, SOL has been supported many times near $130. If this level can stabilize, bulls may rebound, with the first rebound target looking at the $140-145 range.
2. Four-hour line analysis
The four-hour chart shows that SOL is fluctuating weakly in the range of $130-135. The price has tried to break through $135 several times but failed. The current MA10 moving average suppresses the price, and the price is below all moving averages, showing strong downward pressure. However, the green column of the MACD indicator is shortening, indicating that the short-selling force is weakening and the market may enter a rebound phase.
If SOL gets support at $130, it has a chance to rebound to the $135-140 range in the short term. If the price fails to hold the $130 support, it may further drop to the key support of $125 or even $120.
3. One-hour line analysis
On the one-hour chart, SOL's short-term trend shows a narrow range of shocks and consolidation, and the current price is hovering at $132.4. MA5 and MA10 moving averages are currently entangled, indicating that the market direction is still unclear. The MACD indicator shows that the short-term momentum has weakened, and a technical rebound may occur in the short term.
The short-term resistance is at $135. If it can break through this resistance, SOL is expected to move towards $140. The short-term support is at $130. If this support is lost, the price may move closer to $125 or even $120.
4. Operational Suggestions
Short-term strategy: The current SOL price is $132.4. Short-term investors can consider going long in the $130-132 range with a light position, with a target of $135-140. If the price falls below the $130 support level, further layout can be made near $125.
Medium- and long-term strategies: Medium- and long-term investors can gradually increase their positions when the price stabilizes above $130, with a target of $145-150. If the price falls below $120, they can consider entering the market in batches in the $110-120 range.
Risk control: For short-term operations, it is recommended to set the stop loss below $125, and for medium and long-term operations, it is recommended to set the stop loss below $120. Strictly control positions, avoid blindly chasing ups and downs, and pay attention to risk management when the market fluctuates greatly.
Summary: Solana is currently facing the test of the $132.4 mark. $130 is an important support level in the near future. If it holds this position, SOL is expected to rebound, with the target of $135-140. If $130 is lost, it may further drop to $120. Investors need to flexibly adjust their operating strategies according to market fluctuations, remain cautious, and avoid chasing high prices.
