2026 1.6SOL

Review on January 5th, yesterday SOL surged to a high of 137.7 in the morning, touching the 4-hour upper band, then rebounded from the top and declined to the middle Bollinger Band at 133. Last night, the price rose above the 4-hour upper band to a high of 139.8, then pulled back to 137. Currently, it is in a downward correction phase. As long as it does not break the MA5, it will continue to rise.
The current 4-hour chart is in a downward correction after an uptrend. If the upward movement does not stabilize, the 4-hour MA5 will continue to decline. The Bollinger Bands are opening with the upper band trending upward, the middle band rising, and the lower band rising. All three lines are trending upward.
The three lines correspond to prices of 138.9-136.2-133.5.
At the 4-hour level, bullish volume is weakening, possibly indicating a continued downtrend.
At the 1-hour level, bullish volume is also weakening, possibly indicating a downtrend.

Moving Averages: The 4-hour chart's MA5 and MA10 are crossing upward with a golden cross, with the K-line above the short-term MAs.
In the 1-hour chart, MA5 and MA10 are about to cross, with the K-line below the short-term MAs.
MACD
MACD indicator
The 4-hour MACD is above the zero line, indicating weakening bearish momentum.
The 1-hour MACD is above the zero line, indicating weakening bearish momentum.
RSI Indicator
The 4-hour RSI is currently in the normal trading zone, about to cross, in the range of 66, 66.
The 1-hour RSI is in the oversold zone, with a death cross downward, in the range of 87, 77.

Conclusion: The market is oscillating downward, expected to continue rising near 136.
Resistance levels: 139, 141, 143
Support levels: 136, 133, 130
High short strategy: Short position around 139
First take profit: 136, second take profit: 134
Low long strategy: Enter around 133
First take profit: 136, second take profit: 138