SOL is once again stuck at the $140 level. This price point has repeatedly appeared recently and has formed a clear selling pressure zone. From the candlestick chart, the rebound strength is evidently insufficient; buyers are unable to sustain the rally, and the short-term technical outlook appears somewhat weak.
If you want to short, the $140-$143 area is a good entry opportunity, with a stop-loss placed above $146.
Remember these two support levels below: $135 is the first support. If it cannot hold here, there will be no effective support between $140 and $130. Trading volume has recently been sluggish, and moving averages look somewhat chaotic, indicating that the trend has not yet decided which direction to go—rebounds lack sustained buying momentum.
It’s worth noting that changes in institutional liquidity may cause sudden volatility. If SOL unexpectedly breaks above $150, be alert that short-sellers might rush to close their positions, leading to a strong rebound. During evening trading, keep a close eye on Bitcoin’s momentum; if the overall market weakens, the probability of SOL declining will significantly increase.
Reminder: This is only a technical analysis and not investment advice. Cryptocurrency markets are highly volatile, and risk management should always come first.
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#MSCI未排除数字资产财库企业纳入范围 $ETH $SOL Evening Market Overview: Resistance at $140 Difficult to Break, Downtrend May Accelerate
SOL is once again stuck at the $140 level. This price point has repeatedly appeared recently and has formed a clear selling pressure zone. From the candlestick chart, the rebound strength is evidently insufficient; buyers are unable to sustain the rally, and the short-term technical outlook appears somewhat weak.
If you want to short, the $140-$143 area is a good entry opportunity, with a stop-loss placed above $146.
Remember these two support levels below: $135 is the first support. If it cannot hold here, there will be no effective support between $140 and $130. Trading volume has recently been sluggish, and moving averages look somewhat chaotic, indicating that the trend has not yet decided which direction to go—rebounds lack sustained buying momentum.
It’s worth noting that changes in institutional liquidity may cause sudden volatility. If SOL unexpectedly breaks above $150, be alert that short-sellers might rush to close their positions, leading to a strong rebound. During evening trading, keep a close eye on Bitcoin’s momentum; if the overall market weakens, the probability of SOL declining will significantly increase.
Reminder: This is only a technical analysis and not investment advice. Cryptocurrency markets are highly volatile, and risk management should always come first.