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.
SOL-0.2%
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RuntimeErrorvip
· 12-19 11:33
If the volume doesn't keep up, it's a false breakout. SOL's recent rebound seems a bit weak.
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ProofOfNothingvip
· 12-19 11:26
If you can't measure the amount, don't boast about breakthroughs. I've seen this trick many times.
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OnChainSleuthvip
· 12-19 11:25
Trading volume is indeed an issue. I've been keeping an eye on this as well, and it feels like a false rebound.
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OldLeekNewSicklevip
· 12-19 11:23
It's the same old story of insufficient trading volume. I'm too familiar with this routine—every time they say "trading volume needs to keep up," and what happens? It drops straight down. If SOL really breaks through 127 this time, I might as well give up.
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