Over the past two weeks, SOL's price movement has been oscillating within the 120 to 129 range. Frankly, neither the bulls nor the bears have shown strong conviction; the entire market seems to be waiting for a signal. If you ask how the market is doing—it's down more than 8% in the past month, and from a six-month perspective, the decline is even more severe, approaching 19%. The previous gains have been mostly wiped out, and market sentiment is noticeably cautious.

From the candlestick charts, the current price is right near the short-term moving averages. What does this indicate? It suggests that the bulls and bears are temporarily evenly matched, with no clear dominance established. There are no signs of accelerated downward movement, nor are there any strong rebounds. The market is just holding steady.

The real "watershed" is around the $133 level. Think about it: if SOL can see increased volume here and establish support without retreating, the door to a bullish breakout will be opened. The next likely target is around $143, leaving about a 10% upside potential.

Looking at conventional technical indicators, the current situation isn't extreme. The RSI shows that buying and selling forces are fairly balanced, with no obvious overbought or oversold signals. However, the MACD appears more conservative, hinting that short-term upward momentum is limited, and volatility and fluctuations are inevitable.

To sum up for beginners: SOL is currently in an "observation phase." It's not in a state ready to take off at any moment, nor is it facing a collapse. It all depends on whether it can break through the overhead resistance. If it does, market sentiment may turn bullish; if not, the price might continue to grind sideways or even test lower support levels again. The current trading philosophy is simple: be patient and prioritize risk management.