SOL fell 3.56% over the past 24 hours, dropping from 119 yuan to 114.77 yuan. The technical picture shows clear signs of volatility: after hitting a peak of 119.77 yuan, it faced downward pressure, then fell to a low of 113 yuan, and is now consolidating and oscillating around 114.77 yuan.
Trading volume reached 3.61 million SOL, with trading value exceeding $418 million, indicating solid market participation. From the 4-hour chart, price has repeatedly tested the 113–119 range, with both bulls and bears maintaining a balance.
In the short term, key support lies around the 113-yuan level; if it is broken decisively, the price may probe further downward. Resistance is located at 115.5–116 yuan. It is recommended to keep an eye on macro sentiment and on-chain activity data, and to manage risk exposure cautiously.
#SOL # Technical analysis
Risk warning: The market may experience volatility. This analysis is for informational purposes only and does not constitute investment advice.
Trading volume reached 3.61 million SOL, with trading value exceeding $418 million, indicating solid market participation. From the 4-hour chart, price has repeatedly tested the 113–119 range, with both bulls and bears maintaining a balance.
In the short term, key support lies around the 113-yuan level; if it is broken decisively, the price may probe further downward. Resistance is located at 115.5–116 yuan. It is recommended to keep an eye on macro sentiment and on-chain activity data, and to manage risk exposure cautiously.
#SOL # Technical analysis
Risk warning: The market may experience volatility. This analysis is for informational purposes only and does not constitute investment advice.