1. Main players are reducing their positions. Although it increased by 0.85% in 24 hours, there is a lack of sustained capital support, increasing the risk of a subsequent decline.
2. The 1-hour MACD (9,26) shows signs of forming a death cross, indicating bearish momentum is gradually strengthening and the short-term trend is weakening.
3. RSI(14) is in the neutral range, not overbought, but the bulls lack momentum, making it difficult to push the price higher.
4. The price hasn't held above key moving averages, and trading volume hasn't expanded accordingly. The upward trend is weak and a pullback is likely.
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$SOL Current price: $141.87
Direction: Bearish
Reasons:
1. Main players are reducing their positions. Although it increased by 0.85% in 24 hours, there is a lack of sustained capital support, increasing the risk of a subsequent decline.
2. The 1-hour MACD (9,26) shows signs of forming a death cross, indicating bearish momentum is gradually strengthening and the short-term trend is weakening.
3. RSI(14) is in the neutral range, not overbought, but the bulls lack momentum, making it difficult to push the price higher.
4. The price hasn't held above key moving averages, and trading volume hasn't expanded accordingly. The upward trend is weak and a pullback is likely.
Support levels:
1. $138.0 (recent swing low, certain support)
2. $135.0 (previous consolidation range, strong support)
Resistance levels:
1. $144.5 (24H high, difficult to break in the short term)
2. $146.0 (recent resistance level, obvious pressure)
Suggested take profit: $138.0, stop loss: $144.5