Friends, I am Qi He. Tonight, SOL players watching the market are probably feeling anxious: the 4-hour line is rising happily, the MACD golden cross has appeared, and the news brings a 'new Twitter account' positive, so should we chase the rise or be wary of a pullback? Don't rush, as an analyst who deals with K-lines every day, I will break it down for you.
Is the news 'adding fuel to the fire' or a 'smoke screen'?
Solana officially announced the account 'x402 on Solana', which focuses on payment solutions, as a positive development for ecological construction. It tells everyone: Solana is seriously working on applications and payments. This is a plus for long-term confidence. But to be honest, Qi He says: news of this level is hard to become the sole catalyst for explosive growth; it more often complements the technical aspects 'like icing on the cake'. Don't rush blindly just because of the news!
Looking at the technicals: the rise is real, but there's a 'knife' overhead.
From the chart you provided, SOL is indeed in an upward channel on the 4-hour trend, with the MACD golden cross below the zero axis, which is a positive signal for a short-term rebound, indicating that capital is slowly entering. However! Please look to the upper right at the resistance level of 129.48; doesn't it look like a knife hanging overhead? Further up, the high-pressure level of 135.28 is an even heavier barrier.
The current price is 126.19, only a step away from the resistance level of 129. Tonight's key question is whether the bulls have enough strength to charge past it in one go. If they can't get through, it could easily turn into a 'false breakout', and the market may head downwards.
Words from the heart for current players:
If you are heavily positioned and in profit: near the resistance level of 129, consider gradually reducing your position to pocket some profits. Don't be greedy!
If you are flat and want to enter: avoid chasing high directly! Be patient and wait for one of two opportunities: either wait for a breakout past 129 with increased volume and test long with a small position on a pullback; or wait for a correction down to near the support levels of 122.6 or even 115, looking for stabilization signals.
If you are currently trapped: set your stop loss. If it falls below 122.6 and cannot recover, be wary of a deeper correction; be decisive about stopping losses.
Qi He's personal opinion:
First scenario: Tonight, take advantage of the residual warmth of the news and the MACD golden cross effect to attempt an attack on the resistance level of 129.48. However, if the trading volume does not significantly increase during the rise, it is likely to encounter resistance around 129 and retreat, thus entering a consolidation phase. For friends trading short-term, this is a key observation point.
Second scenario: Directly attacking is weak, and the market is correcting. The first key position below is 122.60. This is a recent dividing line for bulls and bears; if it breaks, the sentiment will weaken, and the likelihood of testing the support level of 115.21 will increase significantly. Although the MACD is showing a golden cross, it is still below the zero axis, indicating that the overall momentum is still weak in rebound, not a strong reversal.
Low probability event: A massive strong breakout stabilizing above 129.48, then the next target would be 135.28. However, given the current market environment and position data, it is quite difficult.
I am Qi He, an analyst who just wants to help you avoid pitfalls and make money. The market is changing rapidly; don't miss my updates for more real-time insights and strategies. Follow Qi He, and let's walk more steadily and further in the crypto world together! Follow Qi He for timely breakdowns of subsequent capital movements and catch every profit window!
