2025-12-25 08:24:42

SOL's recent movement is quite interesting. The support level at 120 has been tested multiple times and still seems quite solid.

From the daily chart, the entire downtrend appears to be coming to an end. Plus, the market has been consolidating within this range for a while, indicating that it might be gathering strength.

My observation is this — if SOL's price can push up again to test the upper resistance level but is simultaneously held down by that downtrend line, then there could be a good shorting opportunity. Under this double suppression, a significant pullback often occurs, which is worth paying attention to.

In summary, just keep an eye on how the price reacts within this range and how it responds to the resistance and support lines.

SOL0.19%

View Original

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

9 Likes

Reward
9
5
Repost
Share

Comment

0/400

ProtocolRebel

· 8h ago

Holding steady at 120 has been obvious for a while; we're just waiting for that rebound to get crushed down.

View OriginalReply0

StrawberryIce

· 8h ago

120 is really a strong support. If it breaks again this time, I'll just have to eat dirt.

View OriginalReply0

OfflineValidator

· 9h ago

The 120 support is so strong, it should have rebounded already.

View OriginalReply0

ForkYouPayMe

· 9h ago

120 is indeed resistant to decline; just don't know how high this rebound can go.

View OriginalReply0

gaslight_gasfeez

· 9h ago

120 is indeed a solid level, but I still think it will break sooner or later. Shorting sounds good, but I'm worried it might just be another reversal move. The idea of a downtrend line resistance has been heard many times, and every time it just bounces back and forth. Might as well bet on a breakout upward. Double resistance is even more ridiculous; usually, at such times, it's just a fake fall to scare people. Still the same saying: technical analysis is just armchair quarterbacking after the fact. No one can accurately predict the real opportunity.

View OriginalReply0