【SOL 1H Structure Observation | Decay of Momentum on Support Level and Directional Choice】

Currently, SOL is experiencing weak oscillation around $127 on the 1-hour chart, with prices compressed within the key range of $124.59-$130.40. The core contradiction lies in: the price structure remains in a bearish trend (below all moving averages), but the downward momentum has shown significant signs of decay, and the market is hesitant ahead of an important support level.

Analysis of core structural elements:

1. Key Level: The support at $124.59 is the foundation of the overall structure. This level is the endpoint of the previous decline and the starting point of the rebound, holding strong psychological and technical significance. The area above, $129.04 (MA10), is the first challenge to break the current weak trend.
2. Momentum Status: The MACD lines are highly converged below the zero axis, with the green histogram barely visible, clearly indicating that the bearish momentum is nearing exhaustion, and the market is in a buildup phase. The RSI value is 28.34, in the weak zone but not extremely oversold, with a potential slight bullish divergence forming with the price, hinting that selling pressure is weakening.
3. Moving Average Resistance: The bearish alignment of moving averages remains unchanged, with MA20 (133.29) serving as the mid-term strength/weakness boundary. However, the short-term MA5 is flat and closely attached to the price, indicating that the short-term downtrend has shifted to sideways consolidation.

Future evolution path:
The market currently shows a “pause in the downtrend” state. The next directional choice depends on which side can break the balance first:

· Upward breakout path: Requires the price to break above $129.04 with volume, attracting hesitant funds to follow, targeting the strong resistance at the MA line around $133.30.
· Downward breakdown path: If the price fails to organize an effective rebound and ultimately loses the $124.59 support, it will confirm a collapse in market confidence, initiating a further decline, with the target below $122.

SOL’s current structure makes it a thermometer for observing the overall risk appetite in the altcoin market. Holding the support indicates structural resilience in the market; breaking down signals that selling pressure is spreading across the scene. #现货黄金再创新高