As per Chainthink, on December 1, SOL dropped below the key resistance level of $133, entering a new directional phase. The 4-hour KDJ indicator shows slight divergence, with the D value showing more pronounced divergence. Volume has tripled with bearish candlesticks. If SOL rebounds above $133, it may indicate accumulation for a stronger trend; otherwise, it could signal real selling pressure and distribution. The next key support is at $124, and a break below that may lead to further decline toward $112.
SOL Price Analysis: Key Support at $124, Resistance at $133
ChainthinkShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.