SOL

It is currently 14:50 Beijing time, let's analyze the current trend of SOL.
Bollinger Bands: From the 4-hour chart, the current price is in a pullback after falling to the lower band, and the pullback strength is weak. The Bollinger Bands are narrowing and parallel, indicating that there may not be significant fluctuations in the market during the day. The current oscillation range is around 124 to 126. In the 4-hour chart, the short-term moving averages have formed a death cross and are declining, with the price running between the lower band and the short-term moving averages. If the subsequent rebound does not effectively break through and stabilize above the short-term moving averages, the market will continue to decline. Currently, it is in a slightly oscillating downtrend.
In the 1-hour chart, the price has rebounded from the lower trend line, with short-term moving averages showing a death cross downward. The upper middle trend line coincides with the 30-day moving average, creating a short-term resistance level. The daily level upward trend line has not yet fully formed, and the 5-day moving average is trending upwards towards a golden cross. However, the price has not fully stabilized above the short-term moving averages, and the upper resistance level is near the daily middle trend line, corresponding to a price of around 130. Friends who are looking to go long can observe the situation appropriately.
MACD: In the 4-hour chart, the MACD double lines are below the zero axis forming a death cross, and the bearish momentum is beginning to strengthen. In the hourly chart, the double lines are about to cross below the zero axis, with the fast line below the slow line, and the bearish momentum continues to strengthen.
The RSI is in the oversold phase, corresponding to values 21-14.
Conclusion: Slightly volatile downward trend
Resistance levels: 127.8-130.2-133.9
Support levels: 121.3-117.2-115.3
High-altitude strategy: A short position can be established near 127.8, with additional buying points at 130.2 - stop-loss above 134.
Long strategy: A long position can be established near 121.3, with an additional entry point at 117.2, and a stop loss below 115.3.