2025.12.19SOL

Review on December 18th: Yesterday, SOL was in a sideways consolidation during the daytime. The market continued the trend from the 17th in the evening, rising to a high of 128.9 before falling to a low of 116.78. It rebounded to a high of 123.37 at noon and is now in a sideways consolidation phase.
4-Hour Chart Analysis
Bollinger Bands Analysis
The three Bollinger Bands are trending downward, corresponding to a price range of 131--118. The middle band is also trending downward, corresponding to a price of 125. The candlesticks are showing a rebound trend after breaking below the lower Bollinger Band. Currently, SOL is oscillating above the lower Bollinger Band.
MA Moving Average Analysis
The MA5 and MA10 have a death cross and are trending downward, corresponding to prices of 121 and 122. The candlesticks are consolidating above the MA5 line, indicating a consolidation phase. The consolidation range is between 124 and 121.
MACD Analysis
The MACD lines are below the zero axis, with the fast line turning upward and the slow line continuing downward. Watch whether the fast line will turn upward to form a golden cross, indicating weakening bearish momentum. The market may continue to rise.
RSI Analysis
The two lines are forming a golden cross and trending upward, with values between 48.8 and 39.64. The market has entered a normal trading phase, and the price may experience a slight increase.
Conclusion: Sideways consolidation with a bias toward rebound.
Support levels: 118-112-106
Resistance levels: 125-127-130
High-Short Strategy: If the price does not break above and stabilize above the middle Bollinger Band, consider opening a short position around 125, with a add-on point near 127. Stop loss above 130. First take profit at 121, second at 116.
Low-Long Strategy: If the price does not break below the previous low, consider opening a long position around 116, with an add-on near 112. Stop loss below 106. First take profit at 121, second at 127.