Sunday night of the 4th week SOL

Looking at the 1-hour chart and market data for SOL, the price rebounded from the low of 123.42, but this rebound mainly followed the overall market trend, not due to independent factors like capital inflows or positive news. It was a passive rise, and the upward momentum was inherently weak.

The price quickly retreated after reaching the psychological level of 135. This level was previously recognized as a resistance point by many, and there was no volume breakout during the rebound, indicating that the bulls were hesitant at the resistance and lacked the willingness to push higher. The room for further upward movement is very limited.
Although the short-term moving averages are aligned in a bullish pattern, this is only a temporary phenomenon during the rebound; the overall trend has not truly reversed. If the price cannot stabilize above the 135 resistance level and instead falls below the MA7 and MA30 short-term supports, it will essentially be a "dead cat bounce," and the price will likely fall back, first to 130, then to support levels at 128 and 125.

Trading suggestion: Short at 135, target first at 130, and if broken, continue downward to 125-120.