Recently, SOL's performance has indeed been concerning for many. After failing to break through $130, it has been retreating all the way back and has now fallen below $125, indicating a generally weak short-term trend.

The current situation is as follows: $124 has become an important resistance level, and the bulls are still making their last stand at the $122 line. But honestly, the real critical level is still at $120—if this level cannot be held, the bears' selling pressure could further intensify. Conversely, if it can hold steady, then it’s likely to continue oscillating and consolidating within this range. Short-term traders should pay close attention to these key levels.

What’s more worth noting is that the year-end holiday is approaching. Economic indicators like weekly unemployment claims often stir the market, and with the year-end approaching, Americans will definitely want to cash out for the holidays. These factors combined could lead to significant market volatility. From a technical perspective, I personally lean towards a bearish outlook. As for the specific price levels it might hit or the best entry points, these details still need to be judged based on real-time market performance.

The performance of leading cryptocurrencies like SOL and ETH in this kind of market environment is definitely worth watching.