SOL has been consolidating since the weekend, and in the short term is restricted by fear of the trading channel. The price has remained around 126, with the daily MA5 and MA10 both slowly turning flat. The SOL price is transitioning from a bearish trend to a wide range scenario. Although the bearish momentum of SOL has slowed, confirmation of stability is still needed in the follow-up.
On the hourly chart, SOL is basically still in a consolidating state, with short-term bearish pressure, lacking unilateral conditions. Attention should be paid to the middle track of the daily limit near the bearish strength.
Support at 129-132, bearish view at 123-120, defense 134$ETH
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