December 25, 2025 $SOL 4-hour level is in a sideways consolidation phase with a slight bearish bias.

Key level hints:

Upper resistance levels:

1. 128.00 128.78: The recent oscillation upper boundary and the "false breakout" high point are important defensive lines for the bears. A breakout above this zone is needed to reverse the short-term weakness.

2. EMA slow line (currently around 124.11) and fast line (123.17): The price must first stabilize above both the fast and slow lines to alleviate the pressure from the moving average system.

Lower support levels:

1. 121.50 122.00: The recent multiple tests of the lower boundary of the oscillation range; a break below could invalidate the current consolidation platform.

2. 116.88: The absolute low of this decline, serving as the medium- to long-term dividing line between bulls and bears. A break below this level could open a new downward space.

Bullish and bearish sentiment observation points:

Bullish signals: Price volume breakout and stabilization above 128.80, MACD crossing above zero, RSI holding above 55.

Bearish signals: Price volume breakdown below 121.50, inability to rebound above this level, MACD histogram lengthening again.

Operational suggestions:

Consider selling high and buying low within the 121.50 to 128.00 range, but be cautious of the risk of a downward breakout. Before a clear directional decision is made, it is advisable to adopt a cautious wait-and-see or range-bound strategy.