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SOL is currently making a shallow rebound around 124.74, stuck at an interesting position — it has stabilized above the 7-hour and 25-hour moving averages (at 123.96 and 122.49 respectively), but has not yet broken through the resistance of the 99-hour moving average (125.76). Therefore, the overall pattern is a mixed but somewhat optimistic rhythm.
To truly reverse the trend, the key is whether it can effectively break through the 127 hurdle, especially the 125.7-127 range near the previous high. Once this is conquered, the space between 128-135 opens up, with the all-time high at 135.43.
Looking at the downside support, recent support points are around 122-120, with a stronger swing low at 116.88, which is a relatively solid support level.
Volume performance has been average; although there have been a few spikes during the rebound, overall trading volume is still insufficient. To see a genuine continuation of the upward trend, SOL must break through the 99-hour moving average and see whether the trading volume can follow up to confirm. Without volume support, the breakout's credibility is reduced.