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The 4-hour chart of Solana (SOL/USDT) on March 24, 2026. The technical analysis is as follows:  Market overview The current price is around $89.67 and has rebounded by about 2.6% in 24 hours, but the strength is weaker than that of Ethereum. After the price rebounded from the lower Bollinger Band track (85.54), it is testing the area between the middle track (88.49) and the upper track (91.44), and the overall price is in the shock repair stage. Interpretation of key indicators 1. Bollinger Bands (BOLL): The price has reached the middle track (88.49) and is testing the upper track (91.44). However, the Bollinger Bands are still closing as a whole, indicating that volatility has declined, and there is a high probability of maintaining a range of $85-92 in the short term rather than a unilateral trend. 2. MACD: The fast line is moving closer to the zero axis after the golden cross slow line is below the zero axis, and the red column continues to grow. This is an early signal of idling, but the fast line has not yet crossed the zero axis, and the kinetic energy of the bulls is weaker than that of ETH, and it is still in the repair stage. 3. Trading volume (VOL): The trading volume (20.93K) during the rebound was significantly lower than the average line (92.06K), which is an obvious shrinking rebound. The divergence between volume and price is serious. Without supplementary measures, it will be difficult to effectively break through the upper track pressure. 4. KDJ: K, D, and J values have risen from lows to the 50-80 range, and have not yet entered the overbought zone. There is more room for repair than ETH, but it also means that the current situation is just a weak rebound, not a strong attack. Key positions and operating ideas · Upper pressure: First focus on the $91.44-92.26 area (the upper Bollinger Band and the 24-hour high). This area is the dividing line between short-term longs and shorts. If it breaks through, it is expected to test the integer mark of $95 upwards. · Lower support: Short-term support is at $88.50 (Bollinger middle track), strong support is at $85.50-85.11 (Bollinger lower track and previous low). Summarize The trend of SOL is weaker than that of BTC and ETH. It is currently a technical rebound within the range rather than a trend reversal. The indicators on the 4-hour chart point to range oscillations, and the shrinking rebound shows that the market is not willing to pursue higher prices. · Shock scenario (high probability): The price is expected to repeat within the range of 85.5-92.3 US dollars. If it fails to break through $92.3 with heavy volume, it will fall back again to test the mid-track support of $88.5 or even the lower track support. · Breakthrough scenario: BTC/ETH needs to remain strong, and SOL itself needs to increase its volume to stabilize at $92.3, in order to get rid of the shock pattern and open up space to the $95-100 area. Risk warning: SOL currently lacks an independent market and is highly dependent on the sentiment transmission of BTC and ETH. In a state of shrinkage, it is easy to become passive when chasing high. It is recommended to treat it with the idea of range oscillation. Buying low near the lower track and selling high near the upper track have a higher winning rate. Wait for the heavy volume to choose a direction before following the trend. |
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