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#数字资产生态回暖 Recent Trends of SOL: Repeated Testing of Bottoms
From mid-December's performance, $SOL experienced a rally to 144.93 on December 9th, followed by a continuous correction. The chart shows typical oscillating downward movement. On the 11th, the price even fell to a low of 129. Although the long lower shadow indicated some retail investors were bottom fishing, the rebound lacked strength, and the overall pattern remains weak.
Technical signals also confirm this. On the 4-hour chart, the MACD indicator's DIF and DEA are still below the zero line, with the histogram showing negative values, indicating a bearish trend. However, a detail to watch is that the gap between DIF and DEA is narrowing; if a golden cross forms, there could be a turnaround. The RSI currently stands at 45.27, not yet in oversold territory, suggesting room for further adjustment without rushing to bottom fish.
Price-wise, it is currently facing resistance around the EMA7 (132.73), with EMA30 (134.76) acting as another barrier above, making short-term breakthroughs difficult. The farther EMA120 (137.78) is somewhat distant from the current price, indicating a less optimistic long-term trend.
Volume should be a key focus. Between December 9th and 11th, daily trading volume significantly increased, especially during the sharp decline on the 11th, reflecting strong selling pressure and cautious market sentiment. Currently, 4-hour volume has decreased, with traders waiting on the sidelines. The future direction of volume is crucial—an increase in volume on an upward move could change the situation, while increased volume on a decline signals danger.