The SOL 4-hour level has already surged to a key resistance zone, and the indicators have long been overbought. A pullback is very likely in the short term, but the overall trend still favors long positions, so there's no need to rush to turn bearish!



The Bollinger Bands are widening increasingly, and the price has been sticking to the upper band. To continue breaking upwards, it must be supported by trading volume; the middle band at 138.3 is the key balance point. As long as it holds, the issue is not significant. The lower band at 131.5 can be seen as a support baseline.

The short-term moving average (EMA7) and the long-term moving average (EMA30) are converging, and the price is still above the moving averages. There is quite a noticeable resistance around the 141-142 range. The MACD appears to be strengthening, but it lacks the momentum to push higher, and the KDJ has reached a high level, so it needs a pullback to repair.

There is another key signal: the capital flow is a bit chaotic, with some coming in and some going out. We need to keep an eye on the overall market direction and not be fooled by local capital!

Focus on the range of 142-144 in terms of operations. If the price reaches this level and then drops, it is highly likely to pull back to 140 or even 136. Those looking to enter the market should not rush to chase highs; wait for a suitable point before taking action! $SOL
SOL-1,57%
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