loook😱

📊 Afternoon of December 7, Solana #SOL Market Comprehensive Analysis and Latest Support and Resistance

Currently, the SOL market is intertwined with both bullish and bearish factors and is at a critical juncture for direction selection.
• Bearish signals: The price failed to hold the key support at $133, with the short-term structure remaining weak. On technical indicators, the hourly MACD is in bearish territory and the RSI is below 50, indicating short-term downward momentum persists.
• Bullish signals: There is strong support near $124, where buyers are actively defending. At the same time, on-chain data shows that Solana's total value locked (TVL) in the ecosystem continues to grow, with robust network activity, providing fundamental support for its long-term value. Some analysts point out that SOL is currently in a liquidity reset phase, and historical data shows a 70% probability of a 20%-30% increase in the next month after such a phase.

💎 Summary & Reminder

In summary, SOL is currently in a key region of intense contention between bulls and bears. For short-term strategies, you may refer to the support and resistance levels above for buying low and selling high, but be sure to use small positions and set strict stop-losses. For medium- to long-term positions, more patience is required, waiting for clearer directional signals after the market either confirms support or breaks through resistance.
Hope this information helps you make a decision. Please note that the cryptocurrency market is extremely risky and highly volatile; all decisions should be made independently and with caution. $SOL