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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.