The recent trend of SOL/USDT is quite interesting. The price is stuck around 141.99, with a 24-hour decline of -1.09%. This in itself isn't a big deal, but a closer look at the chart reveals some clues. Although the trading volume remains at 1.144 billion, this volume clearly hasn't kept pace with the downward price movement—typical of a volume-price mismatch, which is often a precursor to top-out selling in technical analysis.



What’s more worth noting is the resistance above. The upper band of the BOLL channel at 144.52 has been tested multiple times, but the price has failed to stabilize above it. Each rebound to this level is pushed back, indicating significant selling pressure here. The RSI indicator currently reads 24.20; while it hasn't entered the oversold zone yet, the downward momentum from previous highs is quite evident, signaling a clear weakening.

In the short term, whether the 141.99 level can hold is crucial. If it continues to decline, we may need to look for lower support levels.
SOL4,12%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 9
  • Repost
  • Share
Comment
0/400
DeFiGraylingvip
· 01-21 13:54
I've seen too many instances of price and volume mismatch, and none of them ended well. --- Breaking 141.99 is the real point of interest; anything else is pointless now. --- Not enough selling pressure? Why not just say it's a dump, haha. --- RSI has fallen so much but you still dare to be optimistic? I’m not playing this game. --- Every time it's about key levels, but they’ve never held. --- It's either BOLL or RSI; I'm already tired of this technical analysis routine. --- If it can't break 144.52, it will continue to decline. It's that simple. --- Sounds the same as last week's trend; it still dropped.
View OriginalReply0
WhaleMistakervip
· 01-21 00:56
Why hasn't this wave of price-volume mismatch crashed yet? Waiting to break through 141.99.
View OriginalReply0
MoonRocketmanvip
· 01-18 22:42
The signals of volume and price mismatch have appeared, which is a classic rhythm of top selling. The 141.99 defense line must be closely watched. The gravity resistance at the upper band of the Bollinger Bands is indeed strong. RSI has been sliding down from high levels, and the momentum is clearly weakening. The launch window has not yet opened. If the decline continues, we need to look for deeper support levels. This wave of correction could be more severe than expected. The trading volume cannot keep up with the downward pace, a typical sign of trap selling. We should wait for a true breakout signal before making decisions. With such heavy selling pressure, short-term rebounds are easily suppressed. The upper band at 144.52 is the ceiling; don’t expect a quick breakthrough in one go.
View OriginalReply0
PensionDestroyervip
· 01-18 14:53
The saying that price and volume don't match is getting annoying; let's bet on breaking below 141.99 instead.
View OriginalReply0
GateUser-75ee51e7vip
· 01-18 14:53
The old trick of price and volume mismatch again. Every time they say they want to sell off, but then they turn around and push the price up. Truly impressive.
View OriginalReply0
UnruggableChadvip
· 01-18 14:50
I've seen many cases of price and volume mismatch, and they usually don't end well.
View OriginalReply0
CommunityWorkervip
· 01-18 14:40
The divergence between price and volume is an old trick. Every time, they claim it's the top for selling, but then it suddenly surges back, proving them wrong again and again... Still, we need to see through 141.99 for it to count.
View OriginalReply0
MemeEchoervip
· 01-18 14:34
The mismatch between price and volume, this time it's really a bit risky. If 141.99 breaks, I'll admit defeat.
View OriginalReply0
GamefiHarvestervip
· 01-18 14:27
Here comes another round of cutting leeks? Can't hold this lousy position at 141.99, I'm already tired of it.
View OriginalReply0
View More
  • Pin