SOL 4-hour K-line technical analysis: Bullish momentum waning, 117.56/118.0 becomes a key support level

【CryptoWorld】SOL has shown divergence in the last 4 hours—price has sharply retreated since 20:00 on December 19, but has rebounded compared to the same period on December 18. The latest candlestick closed below the opening price, forming a small bearish candle, indicating that the upward momentum is weakening.

From the trading volume perspective, recent transaction volume has significantly shrunk, especially in the past few hours, continuing to decline. This is an important signal: Price is rising but trading volume is decreasing, indicating that the bullish momentum is gradually weakening.

Regarding technical indicators, although the MACD still maintains a positive histogram, the histogram bars are gradually shortening, which reflects weakening bullish strength. The KDJ indicator is currently in the neutral zone at (65, with no clear golden cross or death cross signals, showing a sideways trend overall. Overall, the market lacks a clear direction.

Key position summary:

Bullish setup: Look for buying points around 117.56 or 118.0, with stop-loss set below 116.97.

Bearish setup: 132.26 and 130.0 are potential sell opportunities, with short positions’ stop-loss at 132.92.

Support and resistance: Recent support at 118.0, resistance at 130.0. The trading range is between 117.56 and 132.26, with low probability of a short-term breakout.

In summary, SOL is currently in a weak sideways consolidation, with insufficient volume to support further upward movement. It may be more prudent to stay on the sidelines.