2026-01-11 19:25:54

SLNH rebounded over 68% from a low point, completing it in just three trading days — but recently it has lost momentum. The entire week has been hovering around the key level of $1.70, with no clear direction.

On the upside, the $1.70 level is the primary resistance. Further up is the 50-day moving average at around $1.77, which has blocked the upward momentum for five consecutive days, indicating significant resistance.

What about support below? The 10-day and 20-day moving averages converge at $1.60, forming a solid support zone. It just rebounded from here last Friday, performing reasonably well.

The current situation is a tug-of-war between bulls and bears around $1.70. Whether it breaks through or pulls back depends on who reveals their hand first.

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GateUser-44a00d6c

· 13h ago

68% in three days, it's already done. Now stuck at 1.70, it's really frustrating. Feels like no one dares to take over. --- That 1.77 line is really stubborn. Five days and still can't break through. Is this a signal to go down? --- Support at 1.60 is still holding, but if it keeps sideways like this, the mentality will break. --- The bulls and bears are evenly matched at this level. Feels like neither side has the confidence to make the first move. --- Just bounced from 1.60 and lost momentum. This rebound might be the end. --- Wait for a breakthrough at 1.77, or else it will have to go back to 1.60 to play. --- Feels like it rises quickly and falls just as fast. The three-day gain now has to be given back. --- That 1.70 level is really tough. Stuck for a whole week, who still dares to chase?

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liquiditea_sipper

· 13h ago

A 68% rebound only lasted three days before losing momentum. This pace is really hard to sustain. The 1.77 moving average line is really strong, holding for 5 days... Feels like it will either drop back to 1.60 or make a big move to break through. 1.70 feels like a dead knot, so stuffy and frustrating.

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TerraNeverForget

· 13h ago

A 68% increase in three days is truly unbelievable. Now stuck at 1.70, even a pullback wouldn't be a loss. --- That 1.77 line is really incredible. It hasn't been broken for five consecutive days. The bulls are now exhausted. --- The key is whether we can hold above 1.60; otherwise, we’ll have to start over. --- The bulls and bears are fighting at 1.70. It feels like we'll see the outcome next week. --- This trend is a classic sign of a dying stronghold; such a rapid rebound is bound to consolidate. --- There is resistance above and support below. Being caught in the middle is really uncomfortable. --- If 1.77 can't be broken through suddenly, I’ll just look at 1.60 again. There’s no middle ground. --- A 68% increase in three days is simply incomprehensible. It’s probably just a normal correction.

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ChainMaskedRider

· 13h ago

68% rebound is done in three days, now stuck at 1.70 and can't move... feels a bit虚啊 --- That 1.77 line is really solid, been five days of suppression, why so persistent? --- Support is still at 1.60, if it doesn't break next week, can we keep playing? --- Bull and bear tearing for half a day, still at 1.70, this rhythm is really dull --- The rebound is so fast that it makes me a little uneasy, could it be a套路? --- Last Friday's rebound was at 1.60, feels like this support is quite resistant --- Only when breaking through 1.77 will there be hope, otherwise it's just a repetitive game --- Stuck around 1.70, feels like the market is waiting for a signal outside

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SandwichVictim

· 13h ago

68% rebound, but it lost momentum after three days. This rhythm is really teasing me. --- Why is the 1.77 level so tough? Stuck there for five consecutive days, really annoying. --- The support at $1.60 is holding up okay, at least it didn't break last Friday. Feeling a bit relieved. --- Now it all depends on who gives in first. The stalemate between bulls and bears is the most frustrating. --- Wait, is it really just stuck around 1.70, pulling back and forth? Is it trying to create a range of fluctuation? --- Is the 50-day moving average so strong? Repeatedly holding it for five days, feels like a tough barrier to break. --- If 1.60 doesn't break, there's still hope. But this grinding really tests patience.

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