12.8 noon

From the 1-hour K-line cycle and technical indicators, SOL is showing characteristics of a V-shaped rebound followed by a pullback and oscillating correction in the short term. The current price at 133.70 is above the middle Bollinger Band at 132.7, with the upper band at 136.35 and the lower band at 129.04. The price is fluctuating, relying on support from the middle band, with the upper band almost overlapping with the previous high to form strong resistance. It is in a relatively strong oscillating range between the middle and upper Bollinger Bands. After a rapid drop to a stage low of 127.55, it experienced a strong V-shaped rebound and surged to a short-term high of 136.33, then pulled back with a large bearish K-line, forming a spike-top pullback pattern, indicating significant selling pressure in the 136-136.5 range. Currently, a small bullish K-line has appeared as a weak correction after a sharp decline, with overall oscillation between the rebound high and low points.

The KDJ indicator's three lines have moved down from the overbought area, with the J value having once broken above 100 and then falling below 50 before turning upward, indicating that short-term bullish momentum has quickly weakened. After the bears have been released, the market has entered a stage of oscillation between bulls and bears. The MACD histogram shows narrow red bars, slightly contracting, indicating that the medium-term bullish trend is not completely broken, and the short-term is just a digestion of upward momentum.

In the short term, the 1-4 hour cycle is highly likely to remain in the 132-136 oscillation range. The upper resistance is at 135-136 (previous highs and upper Bollinger Band); the lower support is at 132-133 (middle Bollinger Band), 129-130 (lower Bollinger Band and previous rebound level). If the price holds above 135, it may test resistance near 138 again; if it falls below 132, it will likely retest the 130-129 range. It is recommended to lightly enter a position if the price rebounds to the 136-139 area, targeting the 131-128 area.

The above is for personal reference only. Please refer to Haoyu Shipan's layout for specifics! $SOL #sol