2026-01-17 08:28:37

SOL is currently quoted at 143.8 USDT. By carefully examining the candlestick structure, it becomes clear that from a rapid decline to a correction and then a rebound back to test, a complete short-term cycle has already been completed. This moment is particularly critical for traders, testing both technical skills and psychological resilience.

Let's analyze SOL's current state from the daily, four-hour, and one-hour levels, and then provide practical trading ideas.

**Daily Chart: The Correction Phase Has Not Reversed**

SOL previously fell from a high level, stopping around 140, which clearly indicates a panic sell-off. Now it has rebounded to the 143-145 range, but the key trend moving averages have not yet been reclaimed.

From a pattern perspective, this is a typical rhythm of decline → stabilization → rebound, but it is not a main upward wave. In simple terms, it is a technical correction phase after a decline.

The signals from the moving averages are also interesting: MA5 and MA10 have already flattened and even slightly turned downward. MA30 is still maintaining a downward slope, with SOL's price trading below it. This indicates that the medium-term trend remains weak, and the current rebound is more of a technical bounce rather than a trend reversal.

The conclusion on the daily chart is clear: SOL has not entered a strong zone yet. Currently, it is in a rebound observation period, definitely not a phase for blindly going long.

**Four-Hour Chart: The Battle of Bulls and Bears**

The four-hour timeframe is the most effective cycle for observing the battle between bullish and bearish forces. The rebound has encountered resistance, and the main force's attitude appears cautious, which means the selling pressure above has not fully dissipated.

SOL-1,35%

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NotSatoshi

· 01-17 08:58

143.8 is indeed a tough spot, it feels like the main force is still hesitating --- A rebound is just a rebound, don't add drama to yourself by saying it's a turnaround --- MA30 is still flat, this wave of rebound is at most a fake-out to stop-loss --- Let's wait and see how the four-hour chart performs, placing an order now is just a gamble on luck --- Honestly, the 143-145 range is just a test, neither bulls nor bears have shown real firepower --- I agree with the medium-term bearish judgment, those chasing longs now are just taking over the positions

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ser_we_are_early

· 01-17 08:58

143.8 this level is indeed uncomfortable, it feels like the main force is repeatedly testing here... I'll consider after the moving averages flatten out, entering now just makes me the bag holder. MA30 is still suppressing, the probability of this rebound topping out is higher. Well said about psychological resilience, I really lost here haha. It's not surprising if there's another wave of selling down, stop-loss is set properly. Four-hour selling pressure is still so heavy? Then I'll keep waiting and watching. Is the support at 140 really solid? It feels like it can still be tested further down. Instead of blindly going long, might as well sleep. You guys keep losing, I'll rest first. This kind of rebound pattern is too common, basically an opportunity to escape the top. Sounds reliable, but in actual operation, it's still easy to be influenced by emotions.

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SmartContractRebel

· 01-17 08:55

$143 is a tricky position, to be honest... --- A rebound is just a rebound, don’t insist on calling it a turnaround; the moving averages are still pressing down. --- Psychological resilience? Haha, I just smile. The real test now is whether you can stick to your stop-loss. --- Wait, the main players are testing the waters, what are we testing? I don’t quite get this logic. --- Is the repair phase just for the next wave to be more intense? Or is it for another crash? That’s the key point. --- Honestly, what’s the use of looking at three cycles? Those who are going to catch the bottom have already entered. --- The MA30 is still pressing down, isn’t that a signal? Why are you still going long here... --- The key is that the selling pressure hasn't subsided, indicating the top is still heavy. I think this rebound will end. --- Doing long blindly is not good, so is doing smart longs okay? Still ends up in the same pit.

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0xSoulless

· 01-17 08:53

It's the same old "technical analysis dogma" again. It sounds quite professional, but it's actually just waiting to trap retail investors. The 143 level, the main players are already tired of playing there. Anyway, a decline is just panic selling, a rebound is technical correction. If you win, you praise the moving averages; if you lose, you shift the blame. I see through it now.

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SchrodingerAirdrop

· 01-17 08:51

143 is still a hurdle that needs to be reconsidered; it seems the main players haven't made up their minds yet.

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