SOL's recent trend looks a bit weak. From the candlestick chart, after a surge above the 130 level, it failed to hold, then plunged and broke below the short-term moving averages. Currently, the price is hovering below the midline — indicating significant selling pressure above. That wave of rallying seems more like an attempt to test the bulls' resolve rather than a genuine trend initiation.



Although there have been several wicks stopping the decline around 122, providing some short-term support, the rebound strength is indeed lacking. The overall structure shows a typical pattern of higher peaks gradually shifting downward, with a rhythm of oscillation and correction.

Looking at the 1-hour chart makes it even clearer — choppy sideways movement with alternating bullish and bearish candles, no volume during rebounds, and both MACD and momentum indicators trending downward. This suggests that the bears are decelerating rather than the bulls taking over. Overall, it still appears to be a weak consolidation phase, with no clear signs of a trend reversal.

For short-term trading, you might consider short positions in the 125–126.5 range, with targets around 118.5.
SOL-2,49%
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GateUser-40edb63bvip
· 8h ago
Over 130 Napo indeed feels like a fake out, with no real breakthrough sense, and the selling pressure is firmly holding it down.
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ThesisInvestorvip
· 8h ago
Level 130 can't be held at all, I saw it coming a long time ago. The current sideways movement is really weak.
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RamenDeFiSurvivorvip
· 8h ago
I was still wondering if it could break 131 at 130, but it dropped straight down. Now I don't even dare to look at the K-line.
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ChainWanderingPoetvip
· 8h ago
I'm out, I'm out. That wave at 130 couldn't fool me at all. I knew it was a false breakout... Short positions are already in place, just waiting for 118.5 to take me in.
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NotAFinancialAdvicevip
· 8h ago
SOL this wave really lacks momentum; the move above 130 looked fierce but was all fake. Damn, the trading volume has completely dried up, and the scattered lines on the hourly chart are making me sleepy. Can it rebound below 122? Forget it, I feel like there's no hope.
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SerumSquirtervip
· 8h ago
SOL this wave is indeed weak, it can't hold above 130 at all. Right now, the bears are slowly grinding it down, it's boring.
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