SOL 4-hour chart breakdown and retracement: Oversold signals appear, how to interpret the three major indicators?

【Crypto World】SOL’s 4-hour K-line has shown a clear correction recently. The price has dropped sharply, not only breaking below the low of 2026-01-18 20:00:00 but also sinking further below the level of 2026-01-17 12:00:00. The trend presents a large bearish candlestick, with the last K-line closing in the red, and resistance forming above the opening price.

Interestingly, while the price is falling, trading volume is increasing—indicating that selling pressure should not be underestimated.

From a technical perspective, the MACD shows no clear trend direction, but the histogram has been negative and gradually lengthening, suggesting that the bears’ strength is accumulating. The KDJ indicator does not show a clear golden or death cross, but the value has reached 14, indicating an oversold condition. The RSI is more straightforward—dropping below 30, which usually signals potential rebounds, bottoming out, or gap openings.

From a trading standpoint, the current support level is at 137.0, and resistance is at 147.0. The recent high was 147.07, and the low was 133.94. Based on these data, the reference points are as follows:

Long position: Consider buying at 133.94 and 137.0, with a stop-loss at 133.27.
Short position: Refer to 147.07 and 147.0 for selling, with a stop-loss at 147.81.

Overall, the market is currently in an oversold + bearish accumulation phase. There may be a short-term rebound opportunity, but attention should be paid to volume confirmation.