On December 5, 2025, SOL exhibited a sideways consolidation pattern, with mixed bullish and bearish signals. There is potential for a short-term rebound, but significant resistance remains above. Medium- to long-term, analysts are cautiously optimistic. Detailed technical analysis from Wan Laoda:



1. Price and Range: On the day, SOL had various price references, including a quote of $142.5 and a trading price of $139.02, overall oscillating within a price range. The key short-term resistance is at $146 - $146.91, with strong support at $129.3. Some analyses also cite $121.66 as an important defense support level, with a break below likely to intensify the downside.

2. Core Indicators: The MACD indicator shows some divergence. On one hand, there are signs of waning bullish momentum; on the other, the MACD histogram is at 2.3482, suggesting bullish momentum is gradually building. The RSI reads 45.79, in the neutral zone, leaving ample room before overbought territory. For the Bollinger Bands, price is at the 0.6461 position, with the upper band at $146.04, indicating room for upward fluctuations.

3. Candlesticks and Moving Averages: A bullish engulfing pattern has appeared on the candlestick chart, hinting at a potential short-term rebound. However, the moving averages are tangled and a death cross has occurred, signaling weakening momentum and limiting the strength of any rebound. Still, the medium- and long-term moving averages remain in bullish alignment, laying the groundwork for future upward moves.

4. Volume and Trend: On Binance, daily trading volume for SOL reached $367.6 million, indicating healthy market participation. The short-term trend is sideways consolidation. Analysts predict a 1-week target price of $146 - $150, and within 1 month it could reach the $155 - $165 range. If resistance at $146.91 is broken, a new round of upward movement is very likely. $SOL #成长值抽奖赢iPhone17和周边
SOL-1.96%
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