🔵SOL long positions continuously attempted to breach the 159 USD level but failed, resulting in a pullback to below the 20-day moving average at 148 USD.

Currently, the 20-day moving average is flat, and the RSI is slightly below 50, indicating that the forces of bulls and bears are in a stalemate, with supply and demand temporarily balanced.

⚠️Conditions for upward breakout:

If buyers can push SOL strongly above $159, long positions will regain control of the situation.

After the breakthrough, SOL is expected to challenge 168 USD, or even 185 USD, opening up upward space.

⚠️Downside risk:

If SOL closes below the 20-day moving average of $148, it indicates that bearish forces are starting to dominate, and the price may fall to the critical support level of $140.

Once the $140 support is lost, SOL may quickly drop to $126.

📉4-hour K-line key clues:

Long positions failed to hold the 50-day moving average (short-term pressure is obvious), pulling back to around $145.

If there is a strong rebound at $145, it indicates that buying on dips is still active, and SOL is expected to launch another attack on $159.

If it successfully closes above $159, it will complete a bullish inverted head and shoulders pattern, aiming directly for $192!

On the contrary, if the price falls below $145, SOL may continue to drop towards $137, where $137 will be the key defense line for long positions to fight back; if it fails to hold again, the decline may extend to $130.

#SOL