【Price Action Structure】
Don’t mistake a slight rise for a trend reversal—this market loves to teach people at moments like this. SOL is still in an upward structure on the 4H timeframe, with all three cycles moving in the same direction. As of Binance spot 09-28 00:08 (Beijing time), the current price is 122.16 USDT, with a 24H change of +0.34% and a high-low range of 120.07—124.95.
On the daily chart, the swing high and swing low are rising. On the 4H chart, the recent swing high/low are 124.95/119.82; compared with the earlier segment 122.94/112.52, the assessment is based on changes in swing highs/lows, not a single day’s gain or loss. On the 1H chart, swing highs and lows are also rising; RSI is 48.1, meaning the short-term is not in an extreme zone.
【Technical Signals】
Price is above the 4H MA20 (119.99). MA50/200 are 116.6/106.01. The short-, mid-, and long-term moving averages are aligned upward in sequence, which leans toward trend continuation. The 4H RSI(14) is 57.9, indicating relatively strong momentum. MACD’s DIF is around the zero line; the positive histogram bars are shrinking, meaning bullish momentum is slowing. This only verifies structure and does not, by itself, serve as an entry signal.
The latest 4H trading volume is 1.41 times the average volume of the prior 20 candles—volume has expanded, but we still need to watch for a breakout close and any subsequent pullback. 24H spot turnover is 308 million USDT. Spot volume should be prioritized; don’t infer crowding from missing futures data.
【Key Levels】
First resistance: 122.72—123.16; second resistance: 124.73—125.17. First support: 119.77—120.22; second support: 116.38—116.82. These levels can be referenced from the 4H prior high, the 4H recent high, the 4H MA20, and the 4H MA50 respectively. Use the 4H swing range to leave a buffer—these are not exact prediction points.
【What to Watch Next】
Bullish: If the 4H closes above the first resistance with volume expanding in sync, and the pullback does not break support, then watch the second resistance. A brief intraday spike alone does not count as having “held.”
Bearish: If the market spikes up and then falls back, or if the close breaks below the first support, then watch how the second support holds. Falling back into the breakout zone means the bullish thesis is invalid. If price breaks down and then quickly reclaims support, the bearish scenario should be reassessed.
Wait for a confirmed close and pullback before concluding anything. Don’t treat one move up or down as a big trend reversal.
The above is only technical price-action analysis and does not constitute investment advice.
Don’t mistake a slight rise for a trend reversal—this market loves to teach people at moments like this. SOL is still in an upward structure on the 4H timeframe, with all three cycles moving in the same direction. As of Binance spot 09-28 00:08 (Beijing time), the current price is 122.16 USDT, with a 24H change of +0.34% and a high-low range of 120.07—124.95.
On the daily chart, the swing high and swing low are rising. On the 4H chart, the recent swing high/low are 124.95/119.82; compared with the earlier segment 122.94/112.52, the assessment is based on changes in swing highs/lows, not a single day’s gain or loss. On the 1H chart, swing highs and lows are also rising; RSI is 48.1, meaning the short-term is not in an extreme zone.
【Technical Signals】
Price is above the 4H MA20 (119.99). MA50/200 are 116.6/106.01. The short-, mid-, and long-term moving averages are aligned upward in sequence, which leans toward trend continuation. The 4H RSI(14) is 57.9, indicating relatively strong momentum. MACD’s DIF is around the zero line; the positive histogram bars are shrinking, meaning bullish momentum is slowing. This only verifies structure and does not, by itself, serve as an entry signal.
The latest 4H trading volume is 1.41 times the average volume of the prior 20 candles—volume has expanded, but we still need to watch for a breakout close and any subsequent pullback. 24H spot turnover is 308 million USDT. Spot volume should be prioritized; don’t infer crowding from missing futures data.
【Key Levels】
First resistance: 122.72—123.16; second resistance: 124.73—125.17. First support: 119.77—120.22; second support: 116.38—116.82. These levels can be referenced from the 4H prior high, the 4H recent high, the 4H MA20, and the 4H MA50 respectively. Use the 4H swing range to leave a buffer—these are not exact prediction points.
【What to Watch Next】
Bullish: If the 4H closes above the first resistance with volume expanding in sync, and the pullback does not break support, then watch the second resistance. A brief intraday spike alone does not count as having “held.”
Bearish: If the market spikes up and then falls back, or if the close breaks below the first support, then watch how the second support holds. Falling back into the breakout zone means the bullish thesis is invalid. If price breaks down and then quickly reclaims support, the bearish scenario should be reassessed.
Wait for a confirmed close and pullback before concluding anything. Don’t treat one move up or down as a big trend reversal.
The above is only technical price-action analysis and does not constitute investment advice.
