Looking at $SOL, the current trading price is still fluctuating within the 121-124 USD range. Some mainstream exchanges show around 122-123 USD, with a 24-hour slight fluctuation of ±1-2%.

I can only say:...

The entire December in the crypto market has shown weak consolidation and slow downward trend characteristics. SOL has gradually fallen from around 130-135 USD at the beginning of the month, with a decline of about 9-11% within the month.
In the short term, the price has tested the weekly key support zone around 122 USD multiple times in the head and shoulders top pattern's neckline area. It has barely held on, but the rebound after multiple dips has been weak, indicating insufficient buying momentum.

From a technical perspective, based on the 4HK chart.

Strong support: 122 USD, which may also be considered weak.
Secondary support: the previous low of 117 USD, also mentioned as an extension target by some institutional analyses.
Short-term resistance: recent high of 127-128 USD.
Medium-term resistance: looking at the 7-day moving average at 134-135 USD, which seems unlikely given the current market conditions unless a breakout occurs to signal a shift to strength.
My personal view is: we are currently in a bear market consolidation and bottoming phase. The key support level is 120-122 USD. The market lacks liquidity, buying momentum is insufficient, and downward pressure is relatively high. In the short term, it is likely to continue trading sideways in the 118-128 USD range to digest.

Last year, SOL's meme coins added a lot of liquidity to the market, and SOL was once highly regarded. If it weren't for the continuous large-scale issuance of USDC on Solana this year, providing liquidity, it would be very difficult for SOL in this environment...