Hourly Level Market Analysis: Resistance Signal at Highs and Subsequent Trend Prediction

From the hourly chart, the current price has reached a key resistance level, and the upward momentum has clearly weakened, showing characteristics of 'stagnation in the upward trend.' Recently, each attempt to break through this resistance level has resulted in longer upper shadows, which visually reflects that each time the price rises, it encounters strong selling pressure, making it difficult for the bulls to support further increases in price.

The continuous appearance of long upper shadows is a typical signal of the bears gradually gaining control: as the effectiveness of the resistance level is repeatedly confirmed, market sentiment turns cautious, and bearish momentum continues to accumulate and strengthen. If the previous market trend was in a relatively weak pattern, the current 'high pullback' formation is likely to become a signal for the initiation of a new round of downward movement. Attention should be focused on the defensive performance of the support level below; once the support level is effectively broken, the pace of decline may accelerate. #币安Alpha上新 $SOL