Based on the current market, SOL encountered resistance at the key 139 level and pulled back. The hourly technical indicators have formed a death cross and are diverging downward, indicating weakening short-term momentum and the risk of further decline.
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1.6 SOL Analysis:
Based on the current market, SOL encountered resistance at the key 139 level and pulled back. The hourly technical indicators have formed a death cross and are diverging downward, indicating weakening short-term momentum and the risk of further decline.
Operationally, it is recommended to adopt a bearish outlook on rallies. If the price continues to be pressured below 137-138, it may test the 132 and even 130 levels.
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