On 2026-01-18 10:40 (UTC+8), SOL is quoted at approximately $142.94 USD, with a slight intraday pullback. The short-term trend is leaning towards consolidation with volatility. Key support levels are at $142.0-142.5 USD, and resistance levels are at $144.5-145.0 USD, with a focus on volume breakthroughs.

1. Core Market and Key Levels

- Daily Chart: Near the lower boundary of the upward channel, with $140.0 USD (M20 moving average) as strong support. The resistance at $145.0 USD corresponds to Fibonacci resonance. Multiple attempts to push higher have failed, indicating weakening upward momentum.
- 4-Hour Chart: Range-bound oscillation, support at $142.0-142.5 USD (near intraday lows), resistance at $144.5-145.0 USD. MACD shows signs of a death cross, RSI is neutral to weak, and rebound strength is limited.
- 1-Hour Chart: Narrow consolidation, support at $142.2 USD, resistance at $144.0 USD. Volume is declining, with no clear direction, mainly oscillating within the range.

2. Indicators and Volume

- Indicators: Daily RSI is neutral, with overbought risk easing; 4-hour MACD shows initial bearish momentum, RSI not yet strong, indicating insufficient bullish momentum.
- Volume: 24-hour trading volume is approximately $6.44 billion USD, significantly lower than previous periods. The rebound lacks volume, making sustained breakthroughs difficult, prone to quick pullbacks.
- Market Sentiment: Perpetual futures funding rates are neutral, retail investors are cautious, ETF inflows are slowing, and market sentiment remains cautious, with clear correlation to BTC movements.

3. Actionable Strategies

- Long Positions: Only consider small long positions when support at $142.0-142.5 USD is confirmed with volume stabilization. Stop-loss below $141.5 USD. Target $144.0-144.5 USD, with a breakout towards $145.0 USD. If volume is insufficient, take profits promptly.
- Short Positions: When rebounding to $144.5-145.0 USD with low volume and long upper shadows, consider small short positions. Stop-loss above $145.5 USD. Target $142.5 USD, with a breakdown towards $142.0 USD. If broken, look for further decline to $140.0 USD (M20).
- Wait-and-See: During range-bound periods without clear signals, prioritize observation over frequent trading. Wait for confirmed breakouts or breakdowns to establish trend directions.

4. Risk Warning

- If volume increases and price breaks below $142.0 USD, it may test $140.0 USD (M20). Conversely, a volume breakout above $145.0 USD could push towards $148.0-150.0 USD. Pay attention to volume and BTC correlation.