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#BinanceABCs SOL has entered a phase of oscillation and pullback on the four-hour K-line, with the bearish momentum gradually surfacing.
The MACD histogram has been rooted in the negative zone, and the bars are continuously lengthening, indicating that the bearish momentum is still building. Looking at the KDJ, it is currently hovering in the middle, showing no signs of a golden cross or death cross, suggesting a weak overall trend.
From a trading perspective, resistance is at the 134-138 range. If this level cannot hold, then support levels to watch are around 127-120. $SOL