The recent market trends of Solana (SOL) have shown some technical signals worth following. On the 4-hour chart, the EMA49 and EMA120 have formed a death cross around the $175 mark, which is typically seen as an indicator of a potential downward trend. The monthly chart also failed to hold above this position, indicating that the mid-term trend may face challenges.

The slight rebound over the weekend seems to be just a brief pullback within the downward channel. Market participants should remain cautious and be alert to potential bull traps. To verify the strength of the current support, the market may test the previous low around $155. The performance at this position will provide important clues for the subsequent trend.

It is worth noting that before truly entering a full-fledged altcoin season, the market may need to go through multiple rounds of fluctuations and consolidations. Investors should be mentally prepared for the possible occurrence of multiple upswings and pullbacks.

From a trading strategy perspective, $162 and $167 may present potential shorting opportunities, with a target price of $155. However, if the $155 support is breached by significant trading volume, the next key support level may be around $147.

Overall, SOL is currently at a key technical position and may face some adjustment pressure in the short term. Investors should closely follow changes in market volume and the performance of key price levels, adjusting their trading strategies flexibly. At the same time, it is important to maintain a long-term perspective, paying attention to changes in the industry fundamentals and potential positive factors.