SOL 4-Hour K-line Depth Analysis: Trading Opportunities in MACD Weakness

【CryptoWorld】SOL’s recent 4-hour trend shows a clear divergence. Compared to the high point on the afternoon of January 17, the current price has fallen sharply; but relative to the low point on January 16, the rebound is still limited. In terms of candlestick patterns, the last candle closed bearish, with the opening price higher than the closing price, and a small bearish shadow, indicating a lack of strong directional momentum in the market.

Even more interesting is the change in trading volume: recent hours have seen a significant increase in volume. What does this usually imply? The selling pressure is increasing. Price declines accompanied by rising volume are a typical signal of intensified selling pressure.

From a technical perspective, the MACD indicator’s signals are worth noting. Although the histogram remains positive, it is gradually shortening, suggesting that the bullish momentum is waning. The KDJ indicator shows an overbought condition (KDJ value at 85), currently in a oscillating downward phase, with no clear golden cross or death cross. Overall, the market lacks a clear trend and is in a high-level oscillation downward phase.

Based on technical analysis, the main support and resistance levels are clear: recent support at 141.0, resistance at 146.0. The recent fluctuation range is approximately between 140.78 and 147.07.

For traders’ reference points: long entries are at 135.69 and 141.62, with stop-loss set at 140.08; short entries are at 146.0 and 147.66, with stop-loss at 147.81. The logic behind these settings is that the upside space is limited, and the support below is relatively stable, so in the short term, more attention should be paid to the risk of downward breakdown.