2025.12.19SOL

December 18 Review: Yesterday, SOL was in a sideways consolidation during the day. The market continued the trend from the 17th in the evening, rising to a high of 128.9 before falling all the way down to a low of 116.78. It then rebounded to 117.83 but showed no strength to continue upward, and is now in a sideways oscillation.
4-Hour Chart Analysis
Bollinger Bands Analysis
The Bollinger Bands are widening, with the price range between 132 and 117. The middle band is trending downward at 125. The candlesticks are in a rebound trend after breaking below the lower Bollinger Band. Currently, SOL is oscillating above the lower band.
MA Moving Average Analysis
The MA5 and MA10 are forming a death cross and trending downward, at 121 and 122 respectively. The candlesticks are consolidating below the MA5 line, indicating a consolidation phase. Range: 120–116.
MACD Analysis
The MACD lines are below the zero axis and forming a death cross, indicating increasing bearish momentum. The market may continue to decline.
RSI Analysis
The two lines are crossing downward, with values of 14.64 and 35.25. The market is entering an overbought phase, and prices may see a slight increase.
Conclusion: Sideways consolidation
Support levels: 116-112-106
Resistance levels: 121-125-128
Aggressive Short Strategy: If the price fails to break above and stabilize above the middle Bollinger Band, consider opening a short position around 125, with a re-entry point near 127. Stop loss above 130. First take profit at 121, second at 116.
Long Position Strategy: If the price does not break below the previous low, consider opening a long position around 116, with a re-entry point near 112. Stop loss below 106. First take profit at 121, second at 127.