【Crypto World】SOL has shown an interesting reversal signal in the past 4 hours. After falling from the high point at 12:00 on January 11, the price has rebounded significantly compared to 20:00 on January 10. The latest candlestick closed as a bullish candle, with the closing price above the opening price. What supports this movement? Trading volume provides the answer—recent trading volume has increased month-on-month, and both price and volume are rising, indicating heightened trading activity and a strong upward momentum.
From a technical indicator perspective, the MACD has not formed a clear one-sided trend, but the histogram remains positive and gradually lengthens, suggesting that the bullish forces are gradually accumulating. Regarding the KDJ indicator, it is currently at 68, in a neutral oscillation state, with no clear buy or sell signals such as golden or death crosses yet.
Based on the current technical response, several key levels should be monitored: support around 134.0 and resistance at 140.0. The recent low touched 134.79, and the high reached 140.81. Based on these data points, if bullish, consider positioning around 134.0 or 134.79, with a stop-loss set below 134.12; for targets above, the first selling zone is around 140.0-140.81, with a stop-loss above 141.51. Currently, the pattern favors the bulls, but caution is still needed regarding resistance at 140.0.
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.
15 Likes
Reward
15
9
Repost
Share
Comment
0/400
AirdropHunterWang
· 8h ago
I'm optimistic about this wave of price and volume rising together. The 140 hurdle needs to be broken for it to be considered a true reversal.
View OriginalReply0
ChainComedian
· 01-12 23:07
I believe in this wave of rising prices and volume, but whether we can break through 140 depends on the market later. Don't let it plunge again.
View OriginalReply0
gas_fee_therapist
· 01-12 05:04
Price and volume are rising together. The bulls are indeed gathering strength. It all depends on whether it can hold above 140. Breaking through would be interesting.
View OriginalReply0
MemeEchoer
· 01-12 03:10
Going for 140 again? You said the same last time, and it dropped to 134, requiring repeated confirmation of support.
View OriginalReply0
LuckyBearDrawer
· 01-12 03:10
Rising prices and volume are a good sign, but can the 140 hurdle be broken? It seems like it still depends on whether the subsequent trading volume can keep up.
View OriginalReply0
AlwaysMissingTops
· 01-12 03:08
Support at 134, resistance at 140. Whether this wave can break through or not is still uncertain. Last time, it also approached 140 and then pulled back.
View OriginalReply0
BlockchainFoodie
· 01-12 03:03
yo, this SOL price action's got more layers than a perfectly laminated croissant ngl...
volume uptick + macd bars extending? that's literally the farm-to-fork verification of bullish intent, can't fake that kind of organic growth
but real talk, that 134-140 range feels like a poorly seasoned dish—needs more proof-of-freshness data before i'm actually convinced this reversal's got legs, fr fr
Reply0
FOMOmonster
· 01-12 02:51
This threshold of 140 is really tough; I always get stuck here.
View OriginalReply0
BoredRiceBall
· 01-12 02:46
The simultaneous rise in price and volume is indeed interesting, but the 140 level still feels a bit tough.
SOL 4-hour chart technical analysis: Bullish signals are strong, key levels are here
【Crypto World】SOL has shown an interesting reversal signal in the past 4 hours. After falling from the high point at 12:00 on January 11, the price has rebounded significantly compared to 20:00 on January 10. The latest candlestick closed as a bullish candle, with the closing price above the opening price. What supports this movement? Trading volume provides the answer—recent trading volume has increased month-on-month, and both price and volume are rising, indicating heightened trading activity and a strong upward momentum.
From a technical indicator perspective, the MACD has not formed a clear one-sided trend, but the histogram remains positive and gradually lengthens, suggesting that the bullish forces are gradually accumulating. Regarding the KDJ indicator, it is currently at 68, in a neutral oscillation state, with no clear buy or sell signals such as golden or death crosses yet.
Based on the current technical response, several key levels should be monitored: support around 134.0 and resistance at 140.0. The recent low touched 134.79, and the high reached 140.81. Based on these data points, if bullish, consider positioning around 134.0 or 134.79, with a stop-loss set below 134.12; for targets above, the first selling zone is around 140.0-140.81, with a stop-loss above 141.51. Currently, the pattern favors the bulls, but caution is still needed regarding resistance at 140.0.