SOL is hovering around the death line of 128 dollars, and the technical aspects reveal these signals.

[Coin World] The recent movement of SOL is quite interesting.

Starting from noon on November 26, the price first plummeted to 126.68, and then around 4 PM, it made a strong rebound with a large bullish candle. However, the latest 4-hour K line closed bearish, and the trading volume is also shrinking—although it has risen, the buying pressure has clearly not kept up, which is a typical case of divergence between price and volume.

From a technical perspective: The MACD histogram is still above the zero line, but each bar is shorter than the last, indicating that the bulls are losing strength; the KDJ has just crossed golden and is hovering around 52, which is an awkward position that leans slightly bullish; the moving average system shows MA10 pressing down on MA30, indicating that the short-term structure hasn't broken down.

If you want to bet on a rebound, $128 is a good entry point for buying low. If you're aggressive, you can chase that spike at $126.68, with a stop loss set below $126.05; the target is the $143.99-144 range, which is the previous high resistance level. Conversely, if the price breaks above $144 and stabilizes, the bears will have to give up and set their stop loss at $144.71.

At this position, to put it simply, the market is in a tug-of-war between bulls and bears. 128 is a short-term lifeline; if it breaks down, be cautious of a second dip. If it holds, there is a good chance of pushing up to 144. Before the volume increases, it is recommended to test with light positions instead of going all-in.