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SOL current price (142.23) is at a critical testing point for the hourly chart's bullish and bearish reversal. The price is suppressed below the moving average band formed by MA20-MA100 (142.60-143.80), but there is buying support around 141.3, and the market is seeking a breakout direction within a narrow range.
Core logic of the bulls and bears battle:
1. Bearish dominance: The moving average system is in a bearish alignment, with the price under MA20, indicating a weak market structure. Bears aim to push the price effectively below the previous low support at 141.3, opening up a larger downside space.
2. Bullish defensive counterattack: The price has repeatedly stopped falling above 141.3, indicating some buying interest in that area. The only way for bulls to turn the situation around is to break out with volume and establish above the dense moving average zone (above 143.0), reversing the short-term downtrend and attracting follow-up buying.
3. Momentum and volume verification: MACD is below the zero line, but green momentum bars are appearing, showing signs of weakening bearish momentum and a technical rebound demand. Trading volume has not significantly increased, indicating cautiousness from both sides, and the market is waiting for clearer directional signals.
Conclusion: The overall chart structure still favors the bears, but downside momentum is weakening. Trading should follow the trend, prioritizing short positions near resistance levels; only after a strong breakout above key resistance should a short-term bullish approach be considered. The current focus is on the price's test results against the support at 141.3 and resistance at 143.0.
#周末行情分析