#solana Recently it has been a bit tough.

#sol After failing to break through $130, it began to pull back, first breaking below $126, then below $125, and the current price is hovering below $125, indicating a clear short-term weakening. The most concerning issue for the market now is whether $120 can hold.

From a technical perspective, this pullback has already broken below half of the rise from $117 to $127 (50% Fibonacci level), indicating that bullish momentum is cooling off. A clear downward trend line has also appeared on the hourly chart, with $124 becoming a new short-term resistance level, where the price is pushed back every time it rebounds near this area.

The good news is that there is still some support for bulls around $122. If this area can hold steady, SOL has a chance to continue consolidating. However, if $120 is effectively broken, bears may expand the decline, making the market more exciting.

In short: the short-term outlook is weak, and the key point is the defense line at $120.#比特币与黄金战争