Recently, I've been analyzing the SOL chart, and the 138-140 range has been stuck for a long time. On the market, it's clear that there is resistance here — multiple timeframes show obvious signs of suppression, and the price structure is diverging, indicating that the bullish momentum is weakening.
The RSI on the daily chart also shows a bearish divergence, and trading volume is shrinking at the same time. This combination of signals is quite clear — continuing the upward trend will be difficult. There are many resistance levels above, so to rebound, stronger buying pressure is needed.
If you want to participate in this wave, I personally lean towards shorting around 141-143. For a short position at this price level, you can target the 128-130 area below.
Keep an eye on the movements of $BTC and $ETH as well, as their performance will also influence SOL's subsequent rhythm. Additionally, the release of US CPI data on the macro front is worth noting, as it may cause market sentiment to fluctuate.
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BearMarketBarber
· 4h ago
Can the 141-143 short positions really push the price down to 130? Will this CPI be strong enough?
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InfraVibes
· 4h ago
138 cards have been so long, it's really uncomfortable. It feels like the bulls are losing momentum.
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FastLeaver
· 4h ago
SOL is indeed in a tough spot. Can it really drop from 141 to 128? Feels uncertain.
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SmartContractRebel
· 4h ago
This round of SOL really got stuck; let's wait for the CPI data to come out.
#美国消费者物价指数发布在即 SOL Market Observation (1.13):
Recently, I've been analyzing the SOL chart, and the 138-140 range has been stuck for a long time. On the market, it's clear that there is resistance here — multiple timeframes show obvious signs of suppression, and the price structure is diverging, indicating that the bullish momentum is weakening.
The RSI on the daily chart also shows a bearish divergence, and trading volume is shrinking at the same time. This combination of signals is quite clear — continuing the upward trend will be difficult. There are many resistance levels above, so to rebound, stronger buying pressure is needed.
If you want to participate in this wave, I personally lean towards shorting around 141-143. For a short position at this price level, you can target the 128-130 area below.
Keep an eye on the movements of $BTC and $ETH as well, as their performance will also influence SOL's subsequent rhythm. Additionally, the release of US CPI data on the macro front is worth noting, as it may cause market sentiment to fluctuate.