**Time Range**: 2026-01-17 20:00:00 ~ 2026-01-29 12:00:00
**Data Nature**: Real-time Candlesticks
## Candlestick Pattern Deep Analysis
1. **Early January sharp decline from 144.500 level** - Bearish engulfing pattern with high volume - Strong bearish signal
2. **Around January 21st, multiple small-bodied candles forming a consolidation pattern near 125** - Indecision after decline - Moderate signal
3. **January 24th shows a long red candle reaching 117.013** - Bearish breakdown with increased volume - Strong bearish signal
4. **Following the drop, a strong green candle forms a bullish hammer at 117.013** - Potential reversal signal - Strong bullish signal
5. **Mid-January shows a series of higher lows forming an ascending support line** - Bullish accumulation pattern - Moderate bullish signal
6. **Recent price action shows rejection at EMA99 (129.990)** - Resistance confirmation - Moderate bearish signal
7. **Latest candle shows a bearish close at 123.651** - Continuation of downward pressure - Current bearish signal
## Support and Resistance Levels Judgment
**Resistance Levels**:
- Short-term: 125.400 (EMA25)
- Mid-term: 129.990 (EMA99)
- Major: 144.500 (Previous high)
**Support Levels**:
- Immediate: 120.700 (Recent bounce area)
- Strong: 117.000 (Major recent bottom)
- Mid-term: 115.000 (Psychological level)
## Comprehensive Technical Evaluation
**Volume Analysis**:
- Notable volume spike during the January 24th drop
- Recent recovery showing moderate volume support
- Current trading volume (170.8k) indicates moderate market interest
**Trend Direction**:
- Primary trend is bearish as indicated by declining EMAs
- Short-term trend shows consolidation with bearish bias
- Price trading below all major EMAs suggests continued downward pressure
**Technical Indicators**:
- MACD: Currently at -0.006 with DIF (-0.369) and DEA (-0.362) both negative, indicating bearish momentum
- EMA alignment shows bearish structure with shorter-term EMAs below longer-term ones
- Recent MACD histogram shows diminishing bearish momentum but still below zero line
## Conclusion
SOL-USDT is currently in a bearish trend with significant overhead resistance at the EMA99 level (129.990). The recent rejection at this level suggests continued selling pressure. The price has formed a potential bottom at 117.013 but needs to break above the EMA99 to confirm a trend reversal.
For traders considering positions, watch for:
1. A break above 125.400 (EMA25) could signal short-term bullish momentum
2. A break below 117.000 would invalidate the current support level
3. Risk management is crucial as volatility remains high
Risk Warning: The cryptocurrency market remains highly volatile. Consider using stop-loss orders and position sizing appropriate to your risk tolerance when trading on Binance.