SOL did something today - it broke through the downline that had been pressing it since early November and is now hovering around $143. This is a time when the bulls finally raised their eyebrows after holding back for several weeks, the contract position soared, the net inflow of funds also kept up, and the market sentiment was obviously warming.



Looking at the 4-hour chart, SOL not only broke the trend line, but also touched the hurdle of $149 - which is the position of the 200-day moving average and the hardest resistance at the moment. The 20-day, 50-day, 100-day, and 200-day moving averages are stuck at $135, 138, 141, and 149 respectively, forming an upward ladder, and the 20-day line has begun to turn upward.

The SAR point drops below the price, confirming that the short-term momentum is strengthening. Buyers held the local bottom of $125, forming higher lows - this is where the rally started.

Although the momentum is not too strong, as long as the price can stabilize above $139, the structure is still intact, and the possibility of continuing to test the resistance level is still there.
SOL-6.7%
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MEV_Whisperervip
· 12-10 03:22
Finally broken, the bulls are really not empty joy this time... It is optimistic that it can stabilize 139
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GasGrillMastervip
· 12-10 03:20
Play above 139, and run away directly if it breaks
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ApyWhisperervip
· 12-10 03:13
SOL broke the position, finally waited for this moment, it's time for the bulls to eat meat
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GateUser-a5fa8bd0vip
· 12-10 03:10
SOL's rebound is really interesting, and I am finally relieved
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GateUser-beba108dvip
· 12-10 03:04
SOL's wave of breaking is a bit interesting, and finally I don't have to look at the pressure line every day
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FlashLoanKingvip
· 12-10 03:04
SOL's rebound is real, and it finally got out of that dead line, and 143 is indeed a bit interesting
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MevWhisperervip
· 12-10 03:04
The line is broken, and finally waited for this moment... 149 is the real test
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