#以太坊行情解读 What is the technical outlook for SOL?

Recently, the trend of SOL has been quite weak, to be honest. On the 4-hour chart, it has rebounded several times, but each time it was pushed down by key resistance levels above, and it simply couldn't break through. What does this indicate? Selling pressure is still present, and the buying momentum is insufficient. Currently, there is no clear trend action visible.

The indicators also confirm this — the price is trading below the middle band of the Bollinger Bands, which acts like a ceiling, constantly pressing down. The entire Bollinger Band is now contracting and appears to be slightly sloping downward, indicating a bearish short-term atmosphere. The MACD is still oscillating below the zero line; although the green bars are shrinking, there is no sign of a golden cross. This rebound is more of a weak bounce rather than a strong reversal. The RSI is also weak, as it has failed to stay above the 50 level multiple times, showing that market buying enthusiasm is not high.

Based on these observations, my view is to avoid chasing longs within this range-bound consolidation. A better approach is to wait for a rebound to complete and then consider short positions at higher levels, which would offer a more favorable risk-reward ratio. Specifically, I would consider shorting in the 124-127 range, with the first target around 120.