Is the SOL 4-hour chart's oversold rebound imminent? Multiple indicators resonate to release buy signals.

[Coin World] The performance of SOL over the past few hours is quite interesting. Compared to the same time yesterday, although there has been a pullback, the latest Candlestick is a Bullish line, and the Closing Price is above the Opening Price, indicating that long positions are vying for control.

From the Candlestick pattern perspective, the small Bullish line combined with a simultaneous shrinkage in price and volume—trading volume has clearly declined, making the market appear a bit deserted with low participation. This situation is usually a prelude to brewing changes.

The MACD histogram has been in the negative region, but the key point is that it is gradually getting shorter, which reflects that the bearish strength is weakening, and the signals for the bulls' counterattack are becoming more and more apparent. At the same time, the KDJ has completed a golden cross, and the indicator value is fluctuating around 14, having entered the oversold area—this is a typical sign of a rebound.

The price is currently fluctuating between 123 and 127. The support level is at 123.0, with the recent low at 123.37, and the resistance level is at 127.0, with the recent high at 128.07. Based on technical analysis, if you want to participate in the pullback:

long positions layout：

• The first entry point is at 117.81
• The second opportunity is at 123.53
• The corresponding stop loss is set at 122.75

Take profit:

• First target price 127.0
• Second target price 129.17

If reversing the operation to short positions, the stop loss should be kept at 128.71.

Overall, the dual confirmation of MACD and KDJ, along with an oversold background, suggests a good probability of a short-term rebound for SOL. However, market enthusiasm has cooled, and we should pay attention to whether the trading volume can effectively follow up—volume is the key to how far this rebound can go.