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SOL 4-Hour K-Line Technical Analysis: Momentum Weakening but Short-Term Moving Averages Strengthening
【Crypto World】The latest 4-hour K-line trend of SOL is worth关注. From the time span, the price has明显 risen compared to 00:00 on January 16, but has pulled back from the level at 20:00 the previous day. Recent K-line patterns show an inverted hammer and a bullish close, which usually indicates that the buying momentum is accumulating.
However, trading volume is interesting—recent hours have seen shrinking volume, while the price continues to rise. This divergence signals that the upward momentum is weakening and warrants caution.
On the technical indicator front, although the MACD histogram remains negative, it is gradually shortening, indicating increasing bullish strength. The KDJ indicator has shown a golden cross and is currently in oversold territory (KDJ value at 7). Meanwhile, the MA10 has crossed above the MA30, establishing a short-term moving average advantage. The timestamp is 01/16/04:00:00.
Based on a comprehensive technical analysis, the key levels are as follows: Long Entry Opportunities: Buy at 135.98, second buy at 138.9457, with a stop loss at 138.05. Short Exit Opportunities: First target at 147.0, second target at 148.31, with a stop loss at 147.81. Key Support: 140.0 Key Resistance: 147.0 Recent Volatility: Highest touched 147.07, lowest retraced to 138.74.
Overall, SOL is currently in an upward trend but with weakening momentum. Entry should wait for volume confirmation.