2026-01-05 05:20:12

Solana's recent surge indeed has been significant, and the current price has approached the upper Bollinger Band, indicating a relatively strong short-term rally. However, the risk has also increased accordingly. From a technical perspective, it has entered a high-level consolidation zone, and what follows is the need for time to digest this wave of gains.

Let's discuss some key technical points: The resistance above is in the 137 to 138 range, and if it cannot break through, it will exert some pressure. The support levels below are quite clear, with solid support around 130 to 132. Going further down, 126 is a defensive level, which is very critical.

For short-term trading, the approach is as follows—when the price retraces to the 130 to 132 range, consider taking a small long position, with a stop loss set at 126. The first profit target is 136; if it breaks through smoothly, you can continue to look at 138. However, if the rebound is stopped near 137, consider shorting, with a stop loss at 139 and a target back at 130.

Against the backdrop of rising expectations for Fed rate cuts, the overall sentiment in the crypto market remains optimistic. But the high-level consolidation of Solana also reminds us that in the short term, we may need to observe whether there are new catalysts to push for further gains; otherwise, it could be a repetitive grinding phase.

SOL1.84%

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zkProofInThePudding

· 01-08 05:10

130-132 range is coming again. Last time, I bottomed out here and it was awesome. Do you dare to go all-in again this time? Let's wait until it breaks 138. For now, it's just a repetitive torment. I've marked the 126 support level in red. If it drops to that point, just get in. The Federal Reserve cutting interest rates is a positive signal, but SOL needs to perform well on its own. High-level fluctuations are just shakeouts. Hold back and don't chase the highs. How many times has 137 been smashed? Can it break this time? Let's wait and see; the catalyst hasn't arrived yet.

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GasFeeCryBaby

· 01-08 04:35

Still oscillating and grinding at high levels, this is the daily life of crypto... The 130-132 range can indeed be approached, but I'm still hesitant. Let's wait and see if there are any new catalysts.

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GweiTooHigh

· 01-08 04:09

High-level oscillation is really frustrating, waiting for the rebound to 137 before it drops again. The 126 support level is really crucial; if it breaks, it might drop back to 120. The expectation of interest rate cuts is good, but the recent surge in SOL feels a bit fake. Entering with a small position is correct, just worried about being shaken out by a washout. If 137 can't be broken, then it's bearish; the repeated grinding is the most annoying.

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BearMarketMonk

· 01-05 05:48

High-level oscillation is just exhausting the patience of retail investors. We've seen this cycle before. Digits go back and forth, but frankly, it's still market sentiment driving the moves. Catalyst? Haha, let's wait and see. The human desire for breakthroughs is always stronger than the fear of risks. The 126 line will eventually be tested. Expectations of interest rate cuts heating up? History always repeats itself, just with different participants. Heard the phrases "light positions" and "stop-loss" too many times. Staying alive and exiting the market is the real skill.

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RunWithRugs

· 01-05 05:45

The support level at 130-132 is really undeniable; we've tested it before. To be honest, this kind of high-level fluctuation is a bit annoying, it's just a repetitive cycle of harvesting profits.

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HypotheticalLiquidator

· 01-05 05:45

Bollinger upper band is already talking about risks? Wake up, this is just the beginning. Breaking 126 is the real starting point of the domino effect. --- High-level oscillation basically means the borrowing rate is burning, waiting for a catalyst? Ha, systemic risk is the real catalyst. --- Being pressed three times at 137 and still wanting to go long, this is a typical sign of health factors declining on the eve. Be careful of chain liquidations. --- Expectations of interest rate cuts heating up? Nonsense, from 130 to 132 is just a solid hammer. Watch out, the liquidation price will come sooner or later. --- Millstone? No, this is the prelude to deleveraging. Just wait and see whose stop-loss gets washed out first. --- Risk control thresholds should have been raised long ago. What are you still talking about light positions to go long... Give it a rest.

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