2025.12.18SOL

December 17 Review: Yesterday, SOL was in a sideways consolidation during the daytime. Last night, the market pushed up to test the upper band of the 4-hour Bollinger Bands at the 133 resistance point, then declined back to a low of 121. It rebounded to the current 123, and is now in a sideways oscillation state.
4-Hour Chart Analysis
Bollinger Bands Analysis
The Bollinger Bands are widening, with the three lines trending downward, corresponding to prices 132--121. The middle band is also trending downward, corresponding to 127. The candlesticks are in a rebound trend after breaking below the lower Bollinger Band, with SOL currently oscillating above the lower band.
MA Moving Average Analysis
The MA5 and MA10 have a death cross downward, corresponding to prices 124 and 126. The candlesticks are consolidating below the MA5 moving average, indicating a consolidation phase. Consolidation range: 124--122.
MACD Analysis
The MACD lines are below the zero axis with a death cross downward, indicating increasing bearish momentum. The market may continue to decline.
RSI Analysis
Both lines are trending downward, but the buying line shows signs of turning upward. The two lines' values are 23.64--26.08, indicating the market is entering an overbought phase, and prices may rise slightly.
Conclusion: Sideways consolidation
Support: 121-118-115
Resistance: 125-128-130
Aggressive Short Strategy: If the price does not break above and stabilize above the middle Bollinger Band, consider opening a short position around 127, with a add-on point at 129. If the price breaks above and stabilizes above 132, set stop-loss accordingly.
First Take Profit: 123
Second Take Profit: 118
Conservative Long Strategy: If the price does not break below the previous low, consider opening a long position around 121, with an add-on point at 118. If the price breaks below and stabilizes below 115, set stop-loss accordingly.
First Take Profit: 127
Second Take Profit: 130