【SOL 1H Technical Analysis | Breakdown and Downtrend, Focus on Key Support Defense】#欧美关税风波冲击市场

Market Review and Qualitative Analysis
SOL on the 1-hour chart shows a breakdown and decline trend. The price has clearly broken below the previously oscillating $130 support level and continues to trade below all short-term moving averages, indicating a significant acceleration of the bearish trend. Currently, the price pauses briefly around $127, but the overall structure remains weak, and attention should be paid to whether the previous low support area can form an effective defense.

Multi-dimensional Technical Indicator Interpretation

1. Moving Average System and Structure: MA5 to MA100 show a perfect bearish alignment, and the short-term moving averages (MA5: 127.88, MA10: 128.44) have quickly crossed below the long-term moving averages, forming a "death cross" and diverging, indicating strong downward momentum that is being released. The dense zone of moving averages between $129-$131 has become a strong resistance zone for rebounds.
2. Key Price Level Analysis:
· Support below: $126.30 is the immediate critical technical support, derived from the previous low point. If this level is broken, the downward space will open up, with the next target area around $122-$120.
· Resistance above: Any rebound will first face resistance around $128-$128.5 (near MA5/MA10), with stronger resistance at $130-$131 (previous oscillation platform lower boundary and MA20).
3. Momentum Indicator Analysis: The MACD double lines extend downward again below the zero axis, with the green bars lengthening, confirming the restart of hourly downward momentum. The RSI drops to 21.54, entering a severe oversold zone, which sets the stage for a short-term technical rebound correction. However, in the main downtrend, a clear reversal signal from candlestick patterns is needed before considering a reversal.

Risk Warning
The above analysis is solely based on personal views of the current chart. Market volatility is intense, and strategies may quickly become invalid. Please ensure proper position management, set stop-loss orders, and accept the gains and losses at your own risk.
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