Overview of SOL Technicals on January 31: Short-term bearish, medium-term consolidation, long-term bullish structure intact; key levels 113 (strong support) → 119 (bull-bear dividing line) → 124 (strong resistance).

1. Immediate Market (January 31, 12:00, UTC+8)
- Price: $118.11, intra-day -3.2%, weekly -8.5%
- Catalyst: Market-wide decline + panic selling, trading volume significantly increased, liquidations rising
- Key Event: Dropped below 50-day moving average, tested 113 support then slightly rebounded
2. Core Technical Indicators
- Trend (Daily): Lost the 50-day moving average (118.71), still below the **200-day moving average (122.92)**; short-term bearish, medium-term consolidation
- RSI (Daily): 36, approaching oversold, rebound probability rising but trend remains weak
- MACD (Daily): Histogram turns negative, bearish momentum strengthening, watch for divergence signals
- Support/Resistance: 113 (strong support) → 119 (bull-bear dividing line) → 124 (strong resistance) → 130 (strong resistance)
3. Executable Trading Strategies
1. Short-term (Intraday)
- Rebound to 119-121 encounter resistance, short at 119-121, stop loss 123, target 115-113
- Stabilize at 113 with light position, stop loss 111, target 117-119
2. Medium-term (1-2 weeks)
- Build positions gradually at 113-116, stop loss 110, target 124-128
- Break through 124 and retest for confirmation, add positions, target 130-135
3. Risk Management
- Position size ≤30%, single trade stop loss ≤2%
- Monitor US stock volatility, ETF fund flows, and macroeconomic data to prevent systemic risk
4. Time Cycle Outlook
- Short-term (1-3 days): Defense at 113, if stabilized then rebound to 119; if lost, look at 109-111
- Medium-term (1-2 weeks): Consolidation between 113-124, awaiting direction
- Long-term (1-3 months): Halving narrative + ecosystem enthusiasm support, maintaining 110 as a key level to preserve the medium-term bullish structure