SOL 4-hour K-line technical analysis: Bullish momentum weakens, the key level is here

【Crypto World】SOL has shown interesting divergence in its recent 4-hour trend. Compared to the high point in the early hours of December 27, the price has sharply retraced, but it has still rebounded compared to the evening of December 25, although it has declined again compared to the morning of December 26. The latest candlestick shows a small bearish candle, closing below the open, signaling some weakness.

In terms of trading volume, it has been continuously shrinking over the past few hours, which coincides with the price rise—typical of weakening upward momentum. Regarding MACD, although the histogram is still in positive territory, it is gradually shortening, indicating that the bullish strength is gradually diminishing. The KDJ indicator has not yet shown a clear golden cross or death cross, currently at a neutral-leaning strong level of 54, without providing a particularly strong directional signal.

Based on BOSS Wallet data, short-term trading can consider the following key levels:

Long positions: Consider setting up at 120.06 and 120.0, with a stop-loss below 119.46.

Short positions: If the price breaks above 125.93 or faces resistance around 124.0, consider shorting, with a stop-loss above 126.56.

Support and Resistance: Recent support is at 120.0, resistance at 124.0, with the highest point reaching 125.93 and the lowest at 120.06. The current market lacks a clear trend, so it is advisable to wait for stronger breakout signals before entering.