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#数字资产市场动态 How has SOL been recently? Honestly, it's just oscillating at low levels with no significant movement. On the 4-hour chart, the price has bounced several times but was pushed back at the same resistance level. The sell orders above are stacked quite heavily, making it difficult for the bulls to push through, and there hasn't been a proper breakout.
What about the technical analysis? The price is stuck below the lower band of the Bollinger Bands, which acts like a ceiling pressing down. The Bollinger Bands are contracting and sloping downward, indicating a clear short-term bearish signal. The MACD is still below the zero line; although the green bars are shrinking, there's no sign of a golden cross yet. This is just a technical rebound, not a reversal. The RSI indicator is even more straightforward—multiple attempts to rise above 50 have failed, showing that both retail and institutional buyers lack strong buying interest, and the market sentiment is cautious.
Overall, the current situation is not suitable for chasing longs. Instead of trading within the oscillation range, it's better to wait for a rebound to higher levels and then consider short positions. My personal approach is to look for entry points between 124 and 127. The first target is around 120, and if the price breaks downward, I would continue to hold the position.