1. Price trends and volume characteristics
From the recent 4-hour K-line, SOL price shows a strong adjustment trend. Specifically, as of September 5, 2025, the price has significantly risen compared to 00:00 on September 5, rebounded from 12:00 on September 4, but is still within a downward range compared to 20:00 on September 3. The K-line pattern shows a large bullish bar, indicating the release of phase bullish strength, but the last K-line closed lower with a closing price below the opening price, suggesting short-term profit-taking pressure is evident.
In terms of trading volume, the trading volume in the recent 4 hours has significantly increased compared to the previous few hours, and both price and trading volume show a synchronized upward trend. This characteristic indicates a significant increase in market trading activity, with enhanced willingness for capital entry, and strong support for short-term upward momentum. However, it should be noted that if the subsequent volume does not continue to follow after the increase, it may trigger a price adjustment.
II. Technical Indicator Analysis
MACD Indicator: Currently, the market shows no clear trend, but the MACD histogram remains in the negative range and is gradually shrinking. This signal indicates that the bearish force is weakening while the bullish force is gradually accumulating, and the market may be in a stage of brewing trend reversal, but a clear bullish trend has not yet formed.
KDJ Indicator: The indicator value is -5.0, in a severely oversold area, and there is no golden cross or death cross signal. The oversold state usually indicates a rebound demand in prices, but the risk of indicator dullness must be heeded, and it may maintain low-level fluctuations in the short term.
Moving Average System: From September 5, 04:00 to 08:00, the MA10 (10-period moving average) has consistently been above the MA30 (30-period moving average), forming a short-term bullish arrangement. This indicates that the average holding cost over the past 10 periods is higher than that over the past 30 periods, and the short-term market sentiment is bullish. The MA10 may become a temporary support level.
Overall Trend: The market is currently in a fluctuating pattern, with prices oscillating between support and resistance levels, and both sides are battling fiercely.
III. Key Price Levels and Operational References
Support and Resistance:
The recent support level is 199.0. If this position can be maintained, it is expected to become the starting point for a short-term rebound;
The recent resistance level is 213.0, close to the previous high point of 211.37. Breaking through this position may open up upward space.
High and Low Point Reference:
The recent highest point of 211.37 forms a dense pressure area with resistance level 213.0;
The recent lowest point of 197.32 constitutes a lower support range with support level 199.0.
BOSS Wallet Strategy Recommendation:
Buy Point: It is recommended to pay attention to the two price levels of 196.34 and 196.98, both near recent low points, which have a certain safety margin;
Long Position Stop Loss Point: 196.33, located below the purchase point, effectively controlling downside risk;
Sell Point: 213.0 and 213.82, highly overlapping with resistance levels, suitable for capturing phase profit opportunities;
Short Position Stop Loss Point: 212.43. If the price breaks through this position, caution is needed as the bearish strategy may fail.
IV. Comprehensive Judgment
The current SOL market exhibits characteristics of “increasing bullish strength amid fluctuations,” with the short-term price battling between support level 199.0 and resistance level 213.0. Increased volume and MA10 crossing above MA30 provide support for bulls, but KDJ is oversold, and the last bearish candle indicates the need to guard against pullback risks. It is recommended to combine key price levels for phased layout, strictly set stop losses, and confirm trend direction only after breaking through the fluctuation range.
