SOL/USDT 1-Hour K-Line Analysis: Short-term Weak Consolidation, Mid-term Slightly Bearish Pattern

Key Support and Resistance Levels

• Resistance Levels

1. First Resistance: 130 integer barrier, resonating with MA20 (129.44) and MA30 (129.32), forming a combined resistance, and is the first critical hurdle for a bullish rebound.

2. Second Resistance: 132.09 (previous high), this area is a dense trading zone of recent bulls and bears, and a breakout is needed to confirm the continuation of the rebound.

3. Third Resistance: MA100 (131.31), this long-term moving average is an important dividing line for the mid-term trend.

• Support Levels

1. First Support: 128.02 (MA5), the current short-term support during consolidation, a breach may trigger short-term profit-taking.

2. Second Support: 124.59 (recent low), the extreme low point of this decline, breaking below could open a new downward space.

Technical Indicator Analysis

• Moving Average System: Short-term MA5 and MA10 are intertwined and tight, with the price trading below multiple moving averages, indicating a balance of short-term bulls and bears but a slightly weak mid-term trend.

• MACD Indicator: MACD value (-0.24) approaching zero, DIF line trending downward toward DEA line, showing signs of a death cross, indicating insufficient rebound momentum and ongoing downside risk.

• RSI Indicator: Value at 46.05, in the neutral zone, still some distance from the 50 threshold, reflecting that bulls have not gained a clear advantage.

• Volume: Recent volume shows a decreasing trend, indicating low market trading interest, with both bulls and bears in a wait-and-see stance, awaiting clear directional signals.

Summary and Trading Suggestions

Currently, SOL/USDT is in a “short-term weak consolidation and mid-term slight bearish pattern.” If the price breaks above 130 with increased volume and stabilizes, consider a bullish stance targeting 132.09; if it retraces and breaks below 128.02 (MA5), caution is advised for a potential double bottom, with key support at 124.59.