From the price fluctuations, the recent 4-hour K-line shows that the SOL price has slightly risen compared to September 9, 2025, 00:00, reflecting a certain bullish exploration in the short term. However, it has also slightly retreated compared to 04:00 on the same day, indicating that the upward momentum could not be sustained. Observing the extended timeline, the price has significantly dropped compared to September 8, 08:00, during which there was a "large bearish bar," indicating that the bearish force once held an advantage. The latest 4-hour K-line closed bearish, with the closing price lower than the opening price, further confirming that short-term market sentiment is cautious.


In terms of volume, recent trading volume shows a decreasing trend, not only significantly reduced compared to the previous hours, but also during the brief price rebound, trading volume failed to increase synchronously and continued to shrink. This "price increase, volume decrease" divergence pattern indicates that the current upward momentum is weakening, and the bullish follow-up lacks volume support, making it difficult for short-term prices to continue rising.

2. Technical indicator signal analysis

  1. MACD Indicator: The current market lacks a clear unilateral trend and is in a consolidation phase. The MACD histogram remains positive, but the length of the bars is gradually shortening, indicating that while bullish strength has not completely left the market, it is showing signs of weakening. The comparison of bullish and bearish forces is gradually tilting towards a balanced state.

  2. KDJ Indicator: The indicator has not shown clear golden cross or death cross signals, lacking trending guidance in the short term. However, the KDJ value has risen to 85, entering the overbought range. This means that after recent fluctuations, the short-term upward space may be limited, and one should be cautious of the risk of overbought pullbacks.

  3. Moving Average Arrangement: As of September 9, 04:00 and 08:00, the 10-day moving average (MA10) has remained above the 30-day moving average (MA30), indicating that a certain bullish structure still exists in the medium term. Short-term pullbacks may be corrections in the medium-term trend, but it is necessary to confirm the trend's sustainability by combining volume and indicator changes.

3. Key price levels and operation references

Combining market structure and recent fluctuations, the core price levels are as follows:


  • Long-related:
    The first buy point is at 206.39, close to the middle of the recent consolidation range, suitable for short-term light positions to go long;
    The second buy point at 199.1619 is close to the recent low of 199.71, near the support area, with a relatively high margin of safety;
    The long stop-loss point is set at 198.71, slightly below the recent low. If the price breaks below this level, one must be cautious of support failure and an opening of downward space.

  • Short-related:
    The first sell point at 220.0 coincides with the recent resistance level, which is also near the recent highest point of 219.23, showing significant pressure and suitable for bulls to take profit or bears to short;
    The second sell point at 221.99 is an extension above the resistance level. If the price breaks through the resistance at 220.0, it can serve as a second profit-taking reference;
    The short stop-loss point is at 220.33. If the price breaks through the resistance level and stabilizes, a stop loss should be set to avoid the risk of bullish continuation.

  • Important support and resistance:
    The recent support level is 195.0, which is a strong support area below. If the support near 199.71 fails, this price will become a key defense line.
    The recent resistance level is 220.0, which is not only the dividing line for short-term bulls and bears but also the area where previous high points are concentrated. Whether it breaks through or not will have a significant impact on the subsequent trend.

4. Comprehensive judgment

Currently, SOL's 4-hour level is in a consolidation phase of "bullish strength weakening, bearish forces not fully dominating". The lack of volume combined with KDJ being overbought requires careful attention to short-term pullback pressure. It is recommended to adopt a range-bound trading approach, attempting to go long near the support level with light positions and short near the resistance level while strictly setting stop losses to avoid the risk of trend breakthroughs. In the medium term, it is necessary to observe whether the arrangement of MA10 and MA30 can be maintained and whether volume can effectively expand to confirm whether the trend direction has changed.




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