SOL Technical Analysis: Weak Rebound, Downward Risks Remain
Solana's daily chart shows a medium bearish candle with a lower shadow, and trading volume remains at normal levels. Although the daily MA30 moving average continues to trend upwards, the slope has notably flattened. The MACD indicator shows signs of fatigue near the zero axis, with the fast and slow lines about to form a death cross, suggesting that the current upward momentum is fading. After the price retreated to the dual support area of the daily MA30 and the 12-hour EMA52, it triggered a short-term rebound, but the strength is significantly lacking.
From a technical structure perspective, the current trend is in the early stages of a daily level adjustment, and the downward momentum has not been fully released. After a short-term rebound, the price is likely to continue seeking support downwards, with a focus on the strong support zone formed by the daily EMA52 and MA120 moving averages.
Key Price Ranges
Upper Resistance: 190 → 199 → 213 → 237 → 250
Lower Support: 174 → 164 → 156 → 145 → 136
Investors should be wary of the potential further pullback of SOL. If the 174 support is lost, the price may accelerate its decline towards the 164-156 area; conversely, if it can hold above 174 and break through the 190 resistance, there is hope to regain upward momentum. In the current market environment, it is advisable to patiently wait for clearer stabilization signals or more prudent strategy choices.
