Infinite dead water conceals thunder! SOL 30-minute explosion judgment day
SOL short-term is slightly weak, 135 USD is the key defense line.
Key price levels:
1. Current price: 140.19 USD.
2. Has broken through important Fibonacci levels: 0.0%, 23.6%.
3. Currently in the lower support area, the nearest key support is around 0.0% and the actual low point on the chart 135.57.
4. Heavy upward pressure: 143.58, 147.14, and 38.2% constitute layers of resistance.
Fibonacci meaning:
1. The blue line marks key price areas based on previous fluctuations. Breaking below 0.0% is particularly critical, indicating that the short-term upward trend has been damaged.
2. Key support: 135.57 > 143.58.
3. Key resistance: 143.58 > 147.14 > 149.35.
3. Volume is a hard injury:
The latest actual trading volume is only 163,365, far below the 5-day average volume of 452,734.5760 and the 10-day average volume of 510,481.2290.
Core issue: The volume significantly shrinks during the downward process, and there are no obvious signs of main force accumulation. A typical “sluggish decline and bottoming out” pattern.
Key for change: Keep an eye on sudden explosive volume! Downward explosive volume may lead to loss of 135; upward explosive volume is needed for rebound hope.
4. Moving averages point to bearish:
The price is operating below the downward bending yellow price moving average, confirming the short-term bearish dominance.
5. Market sentiment and outlook:
The technical aspect reflects that current market sentiment is cautious and pessimistic.
If there is no sudden major news, SOL is expected to follow the overall market's weak fluctuations or continue its own bottoming trend.
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