【SOL/USDT 1H Level Technical Analysis: Bottoming Out and Rebound, Testing Key Resistance】

From the 1-hour candlestick chart of SOL/USDT, the market has experienced a significant decline and is now entering a clear bottoming rebound phase. The moving average system (MA20/30/50) has shifted from divergence to flattening, with MA30 (128.76) and MA20 (129.38) beginning to turn upward, forming initial support for the price. After touching the low of 124.59, the price rebounded strongly, currently at 129.92, up 1.28%, indicating that the short-term bearish momentum has greatly weakened and the bulls are strongly attempting to reverse.

Regarding key levels, the immediate resistance is in the 130.00-130.05 range. This area is not only where MA5 and MA10 converge but also a dense trading zone from the previous downtrend. If the price cannot break through with increased volume, the market may face resistance and pull back; the core support below is at the previous low of 124.59. If the price falls below this level again, the downtrend will continue. From the indicator signals, the MACD shows a clear “golden cross” above the water, with the red momentum bars continuously enlarging, indicating a strong rebound cycle; the RSI has risen to 53.02, in the bullish zone but not yet overbought, leaving room for further upward movement; volume fluctuates during the rebound but remains near the moving average line, and the presence of bullish candlestick bodies confirms the validity of the rebound.

The current trend is defined as a “trend reversal attempt after a decline.” The price is at a critical point to break through the key resistance level (130). If it can effectively hold above 130, a new upward rally may begin; if it encounters resistance and falls back, breaking below 128.76 support, it may re-enter consolidation or decline again.

Summary: SOL is currently in a key rebound phase, with 130.00 as the dividing line between bulls and bears. Focus on whether 130.05 can be strongly broken; a breakout could target around 132, while failure to break through may lead to a pullback to test the 128 support.