$SOL Previously, this cryptocurrency attempted to break through the resistance zone of $144-146 but failed and began a downward trend after losing the upward momentum above $138, dipping to around $131. After a brief consolidation at the support level of $134, it continued to face pressure. From the market consensus, it is highly likely to experience repeated fluctuations in the range of $130-132 in the short term. If buying pressure remains weak, it may further dip to $126-127, while $124-125 is seen as a stronger support zone. The outcome at this level will directly affect the subsequent trend direction.

It is noteworthy that the special nature of the $124 support level lies in the fact that it serves as both a conversion support from the previous strong high point zone and is associated with historical capital accumulation. However, if there is a lack of effective buying support, selling pressure may further increase, and the downside could extend to around $100. Analysts generally emphasize that current market sentiment is cautious, and the performance of the next few candlesticks will play a decisive role in determining the overall trend in December. The significant volatility characteristics also imply that after testing this support level, there could be extreme scenarios of sustained rises or deep corrections.

SOL

139.16

+6.57%