On December 6, 2025, SOL is at a key juncture of a short-term pullback but long-term upward structure. Based on price trends, technical indicators, and support/resistance levels, Wan Laoda’s technical analysis is as follows:

1. Trend and pattern: SOL has recently experienced a significant pullback, dropping to around $123 in December. It is currently in the lowest sub-channel region of the upward channel that started in May 2022 and has lasted over 1,200 days. Historical data shows this area has triggered multiple rebounds, making the current position crucial for determining whether the long-term upward trend will continue. Additionally, the daily chart previously showed a bearish Marubozu candle pattern, but there may be an opportunity for a rebound in the near term.

2. Key support and resistance: For support, the $123-$126 range is the core support band. This area coincides with the lower edge of the long-term upward channel and has historically been a crucial level where buyers maintained the rally. If it breaks down, it could further test $112. On the resistance side, $150 is an important short-term psychological barrier. Breaking above it could ease bearish sentiment and open up more room for a rebound.

3. Core technical indicators: On the daily chart, the RSI has fallen to 32, at its lowest level in weeks and just above the oversold line, suggesting the downward momentum may be gradually exhausting. The MACD remains slightly above the signal line, retaining a slight bullish bias, but there is a risk of a bearish signal forming under previous selling pressure. If it falls below the signal line, this would confirm a return of bearish momentum.

4. Volume and market sentiment: In the futures market, there has been a decline in open interest and funding rates have turned negative, but institutional demand remains stable, with nearly $98 million in net inflows to the SOL ETF over the past seven days. On-chain DEX trading volume is strong. If a subsequent price rebound is accompanied by increased trading volume, this will reinforce the credibility of the rebound. Conversely, if support lacks sufficient volume, there may be further pullback pressure. $SOL ‌#成长值抽奖赢iPhone17和周边