SOL 4-hour chart technical analysis: MACD bullish momentum weakening, key support level 119.0

【Crypto World】Looking at the performance over the past 4 hours, SOL’s price movement is quite interesting. It slightly rose compared to the position at midnight on December 20, but has pulled back a bit in the last 4 hours. Overall, it has recovered somewhat from the level at 8 PM on December 18, but remains below the high reached at noon on December 19. The candlestick pattern shows a small bearish candle ending, with the last candle turning into a bullish one, closing above the opening price.

However, trading activity is cooling down. The trading volume has significantly shrunk, dropping quite a bit from a few hours ago—this is a signal that, although the price has risen, the market enthusiasm hasn’t kept up, and the upward momentum is weakening.

From the technical indicators, the MACD is still in positive territory, but the histogram bars are getting shorter, indicating the upward momentum is diminishing. The KDJ has not shown any new golden or death crosses, remaining neutral, with values oscillating around 76. The divergence between volume and price is also starting to appear—these signals collectively suggest caution.

Based on the 4-hour technical analysis, here are some key levels for reference: the first buy-in opportunity is at 117.56, the second at 119.0; if going long, set the stop-loss at 116.97. For selling, the first target is 129.75, the second target is 129.0, and the short stop-loss is at 130.4. Recent support is at 119.0, resistance overhead is at 129.0, with a high of 129.75 and a low of 117.56.