On December 21, the review of SOL shows that it remained in a sideways consolidation state during the day yesterday. Last night, the price dropped to the middle band of the 4-hour Bollinger Bands at 123, rebounded to the current 127, and is now in a range of sideways consolidation. Bollinger Bands The current 4-hour chart is in the upward retracement phase after a decline. If the rise does not stabilize, the 4-hour MA5 will continue to fall. The Bollinger Bands are narrowing, with the upper band trending downwards, the middle band trending upwards, and the lower band trending upwards, showing a bias towards the upside. The three lines correspond to prices 128, 125, 121 The bullish volume on the 4-hour level is likely to continue the upward trend. The bullish volume in the past hour has started to increase, which may indicate a continuation of the upward trend.
Moving Average: The 4-hour chart shows a compound crossover of MA5 and MA10, with the K-line positioned above the short-term moving averages MA5 and MA10. In the 1-hour chart, the ma5 and ma10 are rising parallel, and the K line is above the short-term moving averages ma5 and ma10. MACD The MACD indicator is above the zero line on the 4-hour chart, and the bullish momentum is increasing. The 1-hour is above the 0 axis with an increase in bullish volume. RSI Indicator The 4-hour RSI indicator is currently in the overbought trading range with both lines descending to the corresponding areas of 100 and 91. The 1-hour RSI indicator is currently in the normal trading range, with the upper line corresponding to 79 and the lower line to 51.
Conclusion: The market is fluctuating within the range of 125-128.
Resistance levels: 129, 132, 134 Support levels; 125, 123, 121 High-altitude strategy: around 129 head position First take profit: 126 Second take profit: 124 Long strategy: Build positions near 124 First take profit: 126 Second take profit: 128
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
2025.12.22
On December 21, the review of SOL shows that it remained in a sideways consolidation state during the day yesterday. Last night, the price dropped to the middle band of the 4-hour Bollinger Bands at 123, rebounded to the current 127, and is now in a range of sideways consolidation.
Bollinger Bands
The current 4-hour chart is in the upward retracement phase after a decline. If the rise does not stabilize, the 4-hour MA5 will continue to fall. The Bollinger Bands are narrowing, with the upper band trending downwards, the middle band trending upwards, and the lower band trending upwards, showing a bias towards the upside.
The three lines correspond to prices 128, 125, 121
The bullish volume on the 4-hour level is likely to continue the upward trend.
The bullish volume in the past hour has started to increase, which may indicate a continuation of the upward trend.
Moving Average: The 4-hour chart shows a compound crossover of MA5 and MA10, with the K-line positioned above the short-term moving averages MA5 and MA10.
In the 1-hour chart, the ma5 and ma10 are rising parallel, and the K line is above the short-term moving averages ma5 and ma10.
MACD
The MACD indicator is above the zero line on the 4-hour chart, and the bullish momentum is increasing.
The 1-hour is above the 0 axis with an increase in bullish volume.
RSI Indicator
The 4-hour RSI indicator is currently in the overbought trading range with both lines descending to the corresponding areas of 100 and 91.
The 1-hour RSI indicator is currently in the normal trading range, with the upper line corresponding to 79 and the lower line to 51.
Conclusion: The market is fluctuating within the range of 125-128.
Resistance levels: 129, 132, 134
Support levels; 125, 123, 121
High-altitude strategy: around 129 head position
First take profit: 126 Second take profit: 124
Long strategy: Build positions near 124
First take profit: 126 Second take profit: 128