SOL 4-Hour K-Line Technical Breakthrough — Key Trading Levels Analysis

【CryptoWorld】SOL has shown a significant change in its trend over the past 4 hours. The price has risen sharply compared to 12:00 on January 16th and has broken through the previous high at 16:00 on the same day, forming a bullish engulfing pattern. The latest candlestick closed positively, with the closing price above the opening price, indicating a strong bullish momentum.

From the trading volume perspective, recent activity has increased markedly. Not only has the volume grown compared to the previous few hours, but the simultaneous rise in price and volume confirms the authenticity of the upward move—momentum is quite strong.

On the technical indicators front, while the MACD does not show a clear unidirectional trend, the histogram remains negative but is gradually shortening, reflecting that the bullish forces are gradually strengthening. Regarding the KDJ indicator, no clear golden cross or death cross signals have appeared; it is currently in an oversold state with a KDJ value around 10, showing a generally oscillating pattern. It is worth noting that there is some divergence between volume and price, which needs to be confirmed by subsequent movements.

Based on the current technical analysis, the key trading reference points are as follows:

Bullish Entry:

• First buy-in point: 137.65
• Second buy-in point: 138.0973
• Long position stop-loss: 138.05

Bearish Exit:

• First sell point: 147.0
• Second sell point: 149.2
• Short position stop-loss: 147.81

Current Market Structure:

• Recent support level: 140.0
• Recent resistance level: 147.0
• Highest touch: 147.07
• Lowest touch: 138.74

Overall, SOL shows an upward breakout pattern in the short term, but whether the volume-price divergence can be confirmed later remains to be seen. Traders can formulate strategies based on the above points and closely monitor the continuation of trading volume.