SOL 4-Hour K-Line Technical Analysis: Volume-Price Divergence, Bearish Dominance, Key Level Review

【CryptoWorld】SOL 4-hour K-line latest trend shows that the price is exhibiting a pattern of rising and then falling. From 00:00 on December 29 to 16:00 currently, it remains in a downward channel overall. Although there have been rebounds in between, it ultimately closes in a declining trend. The latest candlestick is a bullish one, with the closing price above the opening price, but the rebound strength is limited.

In terms of trading volume, it has recently contracted significantly. Compared to the trading volume a few hours ago, the latest 4-hour volume has decreased markedly, showing a typical divergence between price and volume — price is falling while volume is shrinking, indicating insufficient market participation. The short-term bearish sentiment is waning, but buying interest has not yet taken over.

Technical indicators show mixed signals. The MACD histogram remains in negative territory and continues to lengthen, indicating that the bears still hold the advantage. The KDJ indicator is currently in a neutral zone with a value of 42, showing no clear golden cross or death cross signals. Regarding moving averages, the MA10 has already fallen below the MA30, with short-term moving averages below long-term ones, confirming a weak trend.

Based on the current pattern, the technical support level is at 120.0, with resistance at 127.0. The recent high touched 128.58, and the low retraced to 120.06. For potential long entries, two possible buy points are around 117.12 and 120.12, with corresponding stop-losses set at 119.46; for short positions, target levels can be at 127.0 and 129.79, with a stop-loss at 129.22. Overall, the market is in a consolidation phase, and it is necessary to wait for clearer directional signals.