📌SOL/USDT 4-Hour Trend Analysis: Surge and Retracement, Support Under Test

🔹Overall Trend

SOL encountered selling pressure near $180, causing the price to quickly retract to around $165. Overall, the upward trend has paused, entering a short-term correction as the market digests the previous gains.

🔹Moving Average System

Short-term Moving Average (10-day): Has turned downward, indicating significant short-term bearish pressure.

Mid-term Moving Average (30-day): Still moving upward, but the pace of increase has slowed; if it cannot stabilize quickly in the short term, it may face corrections.

Long-term Moving Average (60-day): Continues to rise, and the overall bullish pattern remains intact.

📌 Conclusion: Short-term pressure and retracement, mid-term still in a bullish structure, pay attention to the effectiveness of the $160 support.

🔹Structure Analysis

Pattern Analysis:

The recent high of $180 has formed a short-term double top pattern; if it cannot quickly rebound and break through, the risk of a pullback will increase.

Current support is concentrated at $160; if it is lost, it will further test the $150 area.

Support and Resistance:

Support Level: 160 (strong short-term support), 150 (mid-term support).

Resistance Level: 175 (short-term rebound pressure), 180 (key breakout level).

🔹Volume-Price Relationship Analysis

Declining volume during the drop, shrinking volume during the rebound, indicating heavy selling pressure in the market and insufficient bullish strength.

If the subsequent trading volume cannot increase, the price rebound space will be limited.

🔹RSI (Relative Strength Index) Analysis

RSI(14) is currently at 44.30, close to the oversold area.

If RSI falls below 40, a short-term rebound may occur; if it breaks above 50, bullish strength will increase.

🔹Summary

📉 Market Trend: Short-term adjustment, mid-term bullish structure not broken.

📊 Key Support: 160 (short-term), 150 (stronger support).

📈 Key Resistance: 175 (short-term rebound), 180 (breakout bullish).

🎯 Strategy Suggestions:

✅ If $160 stabilizes, consider light long positions.

✅ Pay attention to changes in trading volume during the rebound; exercise caution if there is no volume support.

✅ If it breaks below $160, a continuation of the adjustment may occur, targeting down to $150.

Overall, SOL faces significant short-term pullback pressure, but the mid-term bullish structure has not been completely damaged; watch for key support stability.