Solana's recent trend is worth paying attention to.
In the short term, this wave of market movement shows signs of oscillating with a slight bullish bias. Currently, SOL is around 135, with a daily decline of less than 2%. The 4-hour chart has held above the 134 level, which is the 50-day moving average support, indicating that buying pressure is still strong. The RSI indicator is near the neutral level of 50, and both market sentiment and the long-short ratio lean towards the bulls, suggesting a rebound is expected.
Looking at the medium-term rhythm, the daily RSI remains high at 57, and the bullish atmosphere is still strong. It is important to note a historical pattern — January has traditionally been a period with a higher probability of rebounds. From a technical perspective, 129 is a strong support level; as long as it holds, there should be no major issues. On the upside, the target zone is between 143 and 150.
Key price levels to keep in mind:
Support levels: 134 (4-hour 50 EMA), 129 (strong support zone), 126 (a break below this would signal a shift)
Resistance levels: 143 (previous high), 146, 150
The short-term trading strategy is quite clear — consider going long if there is a pullback around 134-135. Keep an eye on how these levels perform for future moves.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
12 Likes
Reward
12
8
Repost
Share
Comment
0/400
TideReceder
· 01-11 14:19
The 129 level is really being defended stubbornly. If it breaks, I'll cut my losses and get out.
View OriginalReply0
SeasonedInvestor
· 01-08 16:57
If you can't hold 129, you have to run. Can this rebound reach 150?
View OriginalReply0
Hash_Bandit
· 01-08 16:57
sol's holding that 134 support pretty well... reminds me of the 2021 cycle when network hashrate climbed steady before the real pump kicked in. if it breaks through 143-150 range, that's where the thermal management really gets tested, ngl
Reply0
NightAirdropper
· 01-08 16:57
129 strong support feels a bit shaky. Can this wave reach 143?
View OriginalReply0
HashRateHustler
· 01-08 16:50
This round of SOL feels pretty good; holding at 129 should be stable.
View OriginalReply0
FrontRunFighter
· 01-08 16:42
ngl, the whole "143-150 target" thing conveniently ignores how easily these levels get spoofed... watched this exact setup get liquidated three times last cycle. where's the talk about MEV extraction on these bounces? 👀
Reply0
SignatureDenied
· 01-08 16:36
If you can't hold 129, you have to run. Can this rebound reach 143?
Solana's recent trend is worth paying attention to.
In the short term, this wave of market movement shows signs of oscillating with a slight bullish bias. Currently, SOL is around 135, with a daily decline of less than 2%. The 4-hour chart has held above the 134 level, which is the 50-day moving average support, indicating that buying pressure is still strong. The RSI indicator is near the neutral level of 50, and both market sentiment and the long-short ratio lean towards the bulls, suggesting a rebound is expected.
Looking at the medium-term rhythm, the daily RSI remains high at 57, and the bullish atmosphere is still strong. It is important to note a historical pattern — January has traditionally been a period with a higher probability of rebounds. From a technical perspective, 129 is a strong support level; as long as it holds, there should be no major issues. On the upside, the target zone is between 143 and 150.
Key price levels to keep in mind:
Support levels: 134 (4-hour 50 EMA), 129 (strong support zone), 126 (a break below this would signal a shift)
Resistance levels: 143 (previous high), 146, 150
The short-term trading strategy is quite clear — consider going long if there is a pullback around 134-135. Keep an eye on how these levels perform for future moves.