2026-01-09 03:33:50

On the 4-hour chart, SOL price has been pressured lower along the channel. Although there was a rebound during the session touching the midline, the upper band has already significantly retreated, and the entire channel is narrowing, clearly indicating a bearish structure. While the lower band is positioned lower, short-term support is limited.

The MACD indicator provides a clearer signal. The red histogram is continuously shrinking, and the DIF and DEA lines are gradually converging, showing that bullish momentum is clearly weakening. According to technical logic, a death cross is imminent, and bearish pressure is gradually building up.

Recent trading strategy for SOL: The 140-143 range is a key resistance level; consider shorting at this height. If it breaks downward, the next bearish target is around 136-130. Overall, more technical recovery signals are needed to reverse the current weak trend.

SOL-1,57%

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DegenDreamer

· 01-11 16:20

The turmoil before the death cross... Is it time to buy the dip again? --- Whether the 140-143 bears break or not depends on whether it breaks through. If it breaks, we continue to go down. --- I've seen this red candle shrink many times, but the result is still a rebound and a face slap. --- Narrowing channels mean an explosion? Stop fooling around, friend. --- If it really drops around 130, I will go all in. --- That MACD signal... emmmm, let's wait and see. --- It's the same old story... SOL still needs to bounce a bit more.

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LiquidityWizard

· 01-10 11:39

This wave of SOL really looks like it's going to fall, the death cross is almost here The 140 resistance level is indeed hard to break through, the bears are still adding positions It's frustrating, do I have to cut losses again... With such weak technicals, it feels like 130 is a solid bottom, right? DLC hasn't been fixed yet, continuing to be bearish is the right move

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GetRichLeek

· 01-09 04:03

Another short trap? I was caught here last time between 140-143. Will the death cross really happen this time... Forget it, let's just bottom fish.

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LayerZeroEnjoyer

· 01-09 04:03

This wave of SOL is probably going to break the level. If 140 can't hold, I'll go short down to 130. Once a death cross forms, it's troublesome; the red bars have already faded. This kind of pattern usually doesn't signal a reversal; just keep falling. The channel is narrowing like this, sooner or later a direction will be chosen. It looks more bearish. Just let it go down if it wants to; anyway, I’ll consider buying around 135 or below.

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HodlTheDoor

· 01-09 03:55

Death cross comes, and everything turns white. Bullish on the 142 short position to get in.

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