As of 12:50 (UTC+8) on December 18, SOL is approximately $127.8. The daily chart is dominated by a bearish trend, with a weak rebound from oversold conditions on the 4-hour chart. Overall, the market is oscillating weakly, moving in tandem with BTC, primarily shorting on rebounds and lightly accumulating at lower levels.

Core Price Levels and Key Multi-Period Support/Resistance

• Daily: Support at 123/121 (strong support); Resistance at 131/135-137 (strong resistance)

• 4-Hour: Support at 126/123; Resistance at 130-131/134.5

• 2-Hour: Support at 127; Resistance at 129-130. Bollinger Bands are narrowing, increasing the likelihood of range-bound oscillation

Multi-Period Technical Analysis

• Daily: MACD shows a death cross, KDJ is declining and diverging, 50/200-day moving averages are dead-crossing, indicating continued bearishness; price remains below short-term moving averages with no clear sign of bottoming, rebound is weak

• 4-Hour: RSI around 30 (oversold), MACD shows bullish divergence with decreasing volume, indicating weak rebound potential; EMA15 faces strong resistance at 131, with the lower Bollinger Band at 126 acting as immediate support

• 2-Hour: Volume is shrinking, price is oscillating below the middle band, awaiting a breakout; watch whether it can break above 129-130, which will determine the strength of the short-term rebound

Technical Signals and Structural Highlights

1. Trend: Daily is in a downtrend channel; 4-hour is oversold but shows no clear reversal signal; 2-hour awaits a breakout

2. Volume: Trading volume in the past 24 hours has decreased compared to previous days, indicating insufficient rebound momentum; a volume breakout is needed for sustainability

3. Divergence: 4-hour MACD shows bullish divergence at the bottom, suggesting a possible rebound, but at a small scale; confirmation requires price to break above 131

4. Correlation: Strongly linked with BTC; the breakout direction in the 85,000-87,500 range will determine SOL’s trading rhythm

Actionable Trading Strategies (with stop-loss)

1. Rebound Short: Short at 130-131, stop-loss at 133, target 127-126; if broken, target 123-121

2. Pullback Long: Light long at 123-124, stop-loss at 121, target 127-129; if broken, target 131

3. Breakout Strategy: Volume breakout above 131, then retest at 129 to go long, stop-loss at 127; volume breakout below 123, then rebound at 125 to go short, stop-loss at 127

Risk Management Points

• Position size ≤30%, always include stop-loss to avoid extreme volatility

• Prioritize shorting rebounds; at lower levels, only light long positions with quick entry and exit

• Closely monitor the validity of the 121 support; if broken, expect accelerated decline toward 118-115