The SOL technical chart shows oversold signals; keep a close eye on these key price levels.

[Crypto World] Recently, I’ve been watching SOL’s 4-hour chart and spotted some interesting signals.

From noon on December 4th until now, the price first had a surge, and compared to 4 PM on the 5th, the increase is quite noticeable. However, after a bullish engulfing pattern appeared, it closed with a green candle, indicating the buyers still have some strength. But here’s the issue—the trading volume started to shrink. Both price and volume are dropping together, which is typical of a wait-and-see market where not many people are willing to enter.

On the technical indicators side, the MACD is currently fluctuating in a trendless zone, but the histogram has remained negative while gradually shortening, suggesting that bearish momentum is weakening. The KDJ just formed a golden cross, and the value is only 3, meaning it’s already in the oversold region. Looking at the moving averages, the MA10 is above the MA30, but the overall trend is still downward. One detail worth noting: there’s a divergence between price and volume, which usually means the trend could be about to change.

Here are the key price levels I’ve summarized:

• If you want to bottom-fish, watch the 123.86 level as the first buy point; for a more conservative approach, wait for a pullback to 132.
• For long positions, stop loss is recommended at 123.24—if it breaks below, don’t hold on.
• The first upside target is 144.67, with more aggressive targets around 146.
• For shorts, stop loss should be set above 145.39.
• Current support is at 132, resistance at 146, and recently the price has been fluctuating within the 123.86–144.67 range.

Overall, SOL right now is a bit like a spring compressed to the bottom—technical indicators suggest an increasing likelihood of an oversold bounce, but the weak trading volume is a concern. I recommend probing with a small position and setting strict stop losses.