SOL is encountering resistance around the current price of 136.61, with the 5-day moving average at 137.628 becoming an insurmountable hurdle. Multiple attempts to break through this barrier have failed, and the rebound momentum is weakening each time, indicating a typical weak consolidation pattern.

From a technical perspective, the RSI has risen to a high of 59.7 and is beginning to plateau, suggesting that the short-term rally has already overextended its heat. Simultaneously, observing the MACD, the red histogram is noticeably shrinking, indicating that the bullish momentum is significantly waning. What is truly concerning is the contradiction between price and volume—prices are surging, but trading volume remains far below the average level during this period. The internal buy-side momentum is evidently insufficient, more like a tug-of-war among existing capital rather than fresh buying.

Once the bulls truly lose their strength to sustain the rally, downward pressure will directly target the previous low at 134.8. At this position, the short-term bearish outlook has become quite clear.