SOL 4-Hour Chart Technical Analysis: MACD Bearish Crossover Triggers Bearish Signal, Long and Short Entry Points Overview

【CryptoWorld】SOL has recently shown a clear technical reversal in the past 4 hours. From the candlestick pattern, the price has significantly retraced compared to the level at 16:00 yesterday, even breaking below the low at 08:00 the day before, forming a prominent long bearish candle. The latest closing candlestick remains in a bearish state, with the closing price below the opening price, indicating that the bearish momentum is quite strong.

Accompanying the price decline is an abnormal increase in trading volume—recent hours have seen a noticeable surge in volume. This “volume increase and price decline” signal suggests that selling pressure is continuously building up.

From a technical indicator perspective, the situation is even clearer. The MACD has already formed a classic death cross signal— the MACD line crosses below the signal line from above, and the histogram shifts from positive to negative, confirming that the bears are gaining strength. The KDJ indicator shows a golden cross, with current KDJ values at oversold levels of 16, which often indicates a potential rebound opportunity.

Based on these technical features, the current trading reference points are as follows: if expecting a rebound in the near term, consider going long at 130.98 and 137.31, with a stop-loss set at 137.18. If strongly bearish, consider selling in batches at 145.0 and 149.11, with a stop-loss at 147.81.

Recent technical support is at 139.0, with resistance above at 145.0. The recent high touched 147.07, and the low was around 137.87. Overall, the short-term bearish pattern is dominant, but the extremely oversold KDJ indicates a potential for a rebound.