SOL four-hour Candlestick analysis: Oversold Rebound meets volume bottleneck, key point is here.
[Coin World] The recent 4-hour trend of SOL is quite interesting. The price rebounded from a low of 129.65 to around 144.73, forming a bullish engulfing pattern, and finally closed with a bullish line. However, the trading volume is shrinking, and this pump momentum is clearly not strong enough.
From a technical perspective, although the MACD histogram is still negative, it is getting shorter, indicating that the bearish strength is weakening. The KDJ has just formed a golden cross, with a value of only 2, clearly in the oversold area. Interestingly, there is a divergence between price and volume—prices are rising while trading volume is shrinking, which is a signal to pay attention to.
Key levels to clarify: support at 131.0, resistance at 145.0. If you want to go long, you can consider entering in batches in the range of 129.65-131.0, with a stop loss set below 129.0; the initial target is 144.73, and it will be more stable if it breaks 145.0. Conversely, for going short, the stop loss should be placed above 145.45.
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