【SOL Hourly Chart Analysis: Moving Average Resistance Clearly Defined, Increased Risk of Downward Breakout】

#周末行情分析
Currently, SOL's structure is more clearly downward sloping than before. The price has clearly been trading below all major short-term moving averages (MA5-MA100), and these moving averages form a bearish alignment within the 143.33-144.11 range, creating a clear resistance zone. The market has shifted from “extreme convergence” to “clearly weak.”

Key technical status:

1. Trend and Position: After failing to retest the 144.64 high during the rebound, the price continues to decline and has now broken below the previous consolidation range (approximately 142.00-143.00), turning the structure bearish. The previous support has now become resistance.
2. Moving Average System: MA10, MA20, MA50, and MA100 are nearly converged and trending downward, forming a heavy “ceiling.” Any rebound into this area will face significant selling pressure.
3. Momentum and Targets: The price is heading toward the previous low of 141.96, which is the last defensive point in the short term. If this level is effectively broken, downside space will open up, with the theoretical target potentially down to the 140.00 integer level and below.
4. Trading Focus: The core contradiction in the current market has shifted from “waiting for direction” to “whether the downtrend can continue and when a rebound might occur.”

Short-term trading strategy adjustment:
The strategy should shift to “mainly short with the trend, cautiously playing rebounds.”

The SOL hourly chart structure has clearly weakened, with bears dominating. Until the price re-establishes above 143.50 (breaking through moving average resistance), all upward movements should be viewed as rebounds. Avoid blindly bottom-fishing and prioritize short positions near resistance levels.

Subscribers can access our updated short order levels, real-time breakdown alerts, and short-term hedging strategies for the critical 141.96 level.
Disclaimer: The above analysis is for market opinion sharing only and does not constitute any investment advice. Cryptocurrency volatility is extremely high; please ensure proper risk management and make independent decisions.