SOL analysis of SOL/USDT trend based on 1-hour and 4-hour K-line and Bollinger Bands (BOLL) indicators:

1-hour chart (short-term)

- The price has continued to decline after breaking below the middle band of the Bollinger Bands (MID: 175.83), with a low of 173.36, currently rebounding to around 175, but still below the middle band, indicating a bearish short-term trend.

- The Bollinger Bands are opening downwards, indicating that the downward momentum has not been fully released. If the rebound is weak, it may continue to test the lower band (LOW: 173.32) for support.

4-hour chart (medium-term)

- After rising continuously from around 155 to a high of 186.77, the price has retraced and is currently at 175, situated between the middle band (MID: 179.94) and the lower band (LOW: 173.86), close to the lower band support.

- If the 4-hour chart can hold the 173-174 area, it may trigger a technical rebound; however, overall it is still in a phase of "pullback from the high", and we need to observe whether it can regain the middle band (179.94) to confirm bullish momentum.

Key support/resistance

- Support: 173-174 (near the 4-hour lower band), 170 (previous consolidation platform).

- Resistance: 175.83 (1-hour middle band), 179.94 (4-hour middle band), 186.77 (recent high).

Trading strategy

Short-term bearish, need to pay attention to the effectiveness of the 173-174 support; if the support holds, one might consider a light position to speculate on a rebound, aiming for 180-185; if it breaks, be cautious of further decline to around 170. $SOL