SOL 4-Hour Chart Technical Analysis: Key Support and Resistance Levels Amid Declining Volume

【Crypto World】Looking at SOL’s recent 4-hour trend, the price has shown typical characteristics of high-level oscillation and pullback over the past few days. Compared to 16:00 on January 6th, it has increased, but from 20:00 to now, it has pulled back again, with the overall decline significantly lower than at 20:00 on January 5th. Although a large bullish candle appeared, the last candlestick turned bearish, closing below the opening price, indicating that the bullish momentum is waning.

In terms of trading volume, recent transaction volume has noticeably shrunk, dropping significantly from a few hours ago. This presents a classic signal: rising prices with shrinking volume often suggest weakening upward momentum and can easily turn into a reversal point.

Looking at technical indicators, the MACD does not show a particularly clear trend direction, but the histogram has shifted from positive to negative, indicating that bearish forces are beginning to emerge. The KDJ indicator is in the neutral zone (K value 79), with no clear golden or dead cross signals. A more meaningful reference is the moving averages: MA10 was higher than MA30 at both 20:00 on January 6th and 00:00 on January 7th, but this arrangement actually formed at the top. Coupled with declining volume, it instead hints that a downtrend may soon start.

Combining these analyses, the current market structure is: resistance at around 141.0, peaking near 141.6; support at around 131.0, with the lowest rebound to 128.22.

If you want to enter: consider building a long position in the zones of 132.6 or 126.6, but remember to set a stop-loss at 127.58. If going short, 141.0 is the first target for profit-taking, and an aggressive target could be 144.76, but stop-loss should be set above 142.31, because breaking through here could mean a stronger rebound is possible.