SOL 4-Hour Chart Technical Analysis | Energy Decay After Breakthrough of High Point, Bulls Need to Exercise Caution and Confirm

【CryptoWorld】SOL’s recent 4-hour chart shows a clear upward movement. Compared to the same period two days ago, the price has rebounded and even broke through yesterday at 8 PM’s high, forming a small bullish candle with a close above the open price.

However, a noteworthy detail is that while the price is rising, the trading volume is decreasing. This divergence between price and volume indicates that the upward momentum is gradually weakening—a typical sign of “unable to sustain the rally.”

From the indicator perspective, although the MACD histogram remains negative, it is gradually shortening, suggesting that the bullish strength is accumulating. The KDJ has not shown a clear golden or death cross and is currently in a neutral zone (around 21), indicating the market is still oscillating and searching for direction.

Key Price Levels Summary:

• Buy Range: 119.53-122.25
• Long Entry Stop Loss: 120.94
• Sell Range: 127.0-129.12
• Short Entry Stop Loss: 129.22
• Support Level: 122.0
• Resistance Level: 127.0
• Recent High: 128.58
• Recent Low: 121.55

From this trend, the upward channel is still intact, but the energy is insufficient. Breaking through the high requires volume confirmation; otherwise, a pullback is likely. In the short term, it is advisable to look for opportunities near the support level, with the 127.0 resistance still needing close attention.