SOL 4-hour K-line technical analysis: Where is the bullish and bearish turning point?

【Crypto World】SOL’s performance in the last 4 hours is quite interesting. From the time series perspective, it slightly rose compared to the 16:00 quote, but from 12:00 to now it has declined again, showing a clear downtrend compared to 20:00 yesterday. However, the candlestick pattern looks good—the large bullish candle closed, and the last candle is still bullish, with the closing price above the opening price, indicating a relatively stable overall trend.

I’m a bit concerned about the trading volume. Recently, the volume has significantly shrunk; although the price is moving upward, the trading activity is declining—this is actually a sign that the upward momentum is weakening.

What do technical indicators say? MACD doesn’t show any obvious trend, but the histogram has shifted from negative to positive, indicating that the bulls are gradually gaining strength. The KDJ has formed a death cross, with the indicator value around 84, firmly in the overbought zone. The MA10 has crossed above the MA30, which happened at 16:00 and 20:00, and the price indeed experienced gap breakthroughs.

Overall, the current support level is around 131.0, with resistance at 141.0. The recent high is 141.6, and the low is at 127.13. If you’re looking to go long, you can consider 134.03 or 125.62 as entry points, with a stop-loss set at 126.49. For short positions, 141.0 and 144.66 can be used as reference points, with a stop-loss at 142.31. The key is whether the trading volume can keep up; otherwise, this rebound might just be a fleeting moment.