Ladies and gentlemen, today SOL has been declining all the way down to around 120, and many friends are starting to feel a bit nervous. Actually, there's no need to rush; let's carefully analyze this trend.

**What does the news say?**

The key point is this logic—why do funds tend to run when the moving averages break down? An institutional analyst pointed out that moving averages are not just lines on a chart; they reflect the true market sentiment. Currently, BTC, ETH, and SOL are all stuck below critical moving averages. What does this indicate? Short-term funds are indeed withdrawing in an orderly manner. Once large funds exit, the market is like losing its support point; rebounds lose momentum, and declines accelerate. This is not baseless speculation but the result of real actions by institutions.

From a news perspective, the sentiment is indeed quite cold, and funds are still lurking and observing. Blindly bottom-fishing now is really not advisable.

**What clues does the technical analysis reveal?**

Currently, SOL is at 122.39. On the 4-hour chart, both MACD lines are firmly below the zero axis—this is a classic bearish pattern. The 125-126 level is not just a resistance zone; it’s a critical dividing line between bulls and bears.

Overall, in the short term, it's best to remain patient and wait for clearer signals before taking action.