2025.12.20SOL

Review on December 19: Yesterday, SOL showed a trend of oscillating upward during the daytime, rising from the previous low of 116.78 to a high of 127.61 in the evening. It then retraced to a low of 123.55, failed to hold above, and pushed up to 127.86. It then retraced again to the current level of 125.67, now in a sideways consolidation phase.
4-Hour Chart Analysis
Bollinger Bands Analysis
The Bollinger Bands are narrowing with the price between 130 and 118. The middle band is trending downward at 124. The candlesticks are in a retracement after breaking through the middle Bollinger Band. SOL is currently oscillating above the middle Bollinger Band.
MA Moving Average Analysis
The MA5 and MA10 are forming a golden cross and trending upward, corresponding to prices 125 and 123. The candlesticks are consolidating above the MA5, indicating a consolidation phase. The consolidation range is between 127 and 125.
MACD Analysis
The MACD lines are below the zero line and forming a golden cross upward, indicating sustained bullish momentum. The market may continue to rise.
RSI Analysis
The two lines are parallel, with values between 97.08 and 97.49. The market is in an oversold phase, and the price may rise slightly. Watch whether the RSI breaks above 100, which could accelerate the upward trend.
Conclusion: Sideways consolidation phase
Support levels: 123-121-118
Resistance levels: 127-129-131
Long position strategy: If the price does not break above MA60, consider opening a short position around 129, with a re-entry point near 131. Stop loss above 133 after a confirmed breakout.
First take profit: 125
Second take profit: 123
Short position strategy: If the price does not fall below MA10, consider opening a long position around 123, with a re-entry point near 121. Stop loss below 118 after a confirmed break below.
First take profit: 127
Second take profit: 130