On the 4-hour chart, SOL price has been pressured lower along the channel. Although there was a rebound during the session touching the midline, the upper band has already significantly retreated, and the entire channel is narrowing, clearly indicating a bearish structure. While the lower band is positioned lower, short-term support is limited.



The MACD indicator provides a clearer signal. The red histogram is continuously shrinking, and the DIF and DEA lines are gradually converging, showing that bullish momentum is clearly weakening. According to technical logic, a death cross is imminent, and bearish pressure is gradually building up.

Recent trading strategy for SOL: The 140-143 range is a key resistance level; consider shorting at this height. If it breaks downward, the next bearish target is around 136-130. Overall, more technical recovery signals are needed to reverse the current weak trend.
SOL-0.91%
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GetRichLeekvip
· 16h ago
Another short trap? I was caught here last time between 140-143. Will the death cross really happen this time... Forget it, let's just bottom fish.
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LayerZeroEnjoyervip
· 16h ago
This wave of SOL is probably going to break the level. If 140 can't hold, I'll go short down to 130. Once a death cross forms, it's troublesome; the red bars have already faded. This kind of pattern usually doesn't signal a reversal; just keep falling. The channel is narrowing like this, sooner or later a direction will be chosen. It looks more bearish. Just let it go down if it wants to; anyway, I’ll consider buying around 135 or below.
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SatoshiHeirvip
· 16h ago
It should be pointed out that this technical analysis has three obvious logical flaws. First, the channel narrowing at the four-hour level essentially reflects market liquidity exhaustion rather than a definitive bearish signal — this has been repeatedly disproven in historical data from 2017. Second, the consolidation phase before the MACD death cross is often the most deceptive, and blindly chasing short positions can easily turn traders into victims. Finally, the calibration of the 140-143 resistance level lacks on-chain data support and appears too arbitrary. In short, technical indicators are just illusions; the real rules of the game are written on the blockchain.
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HodlTheDoorvip
· 16h ago
Death cross comes, and everything turns white. Bullish on the 142 short position to get in.
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