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Today’s sol price is between $164 and $168. The following analysis will be based on this price range and combined with the latest market dynamics to sort out SOL's trend judgment and operation ideas. 📊 Overview of current trends Solana (SOL) has generally been trading in a range of $164 to $168, showing an overall trend of stabilizing and trying to rebound. This rebound was mainly driven by several factors: First, the market experienced a technical oversold rebound after experiencing a "sell-off news"-style decline in the early stages of the launch of ETF products.； Second, institutional funds continue to flow in through ETFs, providing support for prices. ； Third, the stabilization of large-cap cryptocurrencies such as Bitcoin has brought positive market sentiment. 📉 Detailed explanation of technical analysis · Resistance level (upward pressure level): · $172 - $175: This is the first important hurdle right around the corner. The hourly chart shows an ascending channel is forming with resistance near $175. If it can successfully break through, it may further test $188. · $188 – $200: Stronger resistance area. This is where the 200-day moving average (about $180) and the psychological threshold converge, making it difficult to break through. · Support level (downside buffer level): · $162 – $165: Current immediate support range. The 100-hour moving average also provides support in this area, which is an important watershed for judging short-term strength. · $155 – $158: A crucial and strong support area. The price has found support here many times recently and rebounded. Once it falls, it may drop to $150. technical indicator signals · Positive signs: · The MACD indicator on the hourly chart shows bullish momentum. · The RSI has moved back from oversold territory to the neutral zone of 40-50, providing some room for a further rebound. · Risk signals: · Despite the rebound, SOL price remains below all major daily moving averages (such as the 20-day and 50-day moving averages), indicating that the mid- to long-term trend has not yet fully strengthened. 🔍 News updates · Positive factors: · ETF capital inflows continue: Despite experiencing "sell the fact" volatility in the early stages of listing, Solana spot ETFs (such as Bitwise's BSOL and Grayscale's GSOL) continue to attract capital inflows. In the 24 hours around November 10, the Solana ETF product still recorded approximately $9.7 million in inflows. · Major business collaboration: Global remittance giant Western Union has chosen Solana as the underlying network for its stablecoin USDPt, which it plans to launch in 2026. This cooperation significantly enhances Solana’s application value and credibility in the real world. · Risk factors: · Highly Correlated with Bitcoin: SOL’s movements are still largely influenced by Bitcoin. If Bitcoin cannot effectively break out and stand above $104,000 to $105,000, it may drag down SOL's performance. 🤔 Operation strategy reference · For short term · Key decision points: Focus on a breakout of the $172-$175 resistance zone. If the price can break through with volume and stand firm, you can consider following up with a short position, and the short-term target is $188. · Risk control: If the price encounters resistance and falls again near $172, or falls below the $162-165 support zone, you should consider stopping the loss or leaving the market to prevent the risk of the price falling again to the $155-158 support zone. · For medium and long term · Be patient and consider laying out in batches. If you don’t chase higher, you can regard the support area of 155-165 US dollars as a reference for establishing a position for the first time. · Ideal adding position area: If the price can fall back to the strong support area of 150-155 US dollars, it can be regarded as a more ideal opportunity to add positions in batches. · Set the overall stop loss reference level below $150. Be sure to control every position you buy. · Strict requirements · Strictly control your positions: Make sure the risk of any single transaction is within your tolerance. · Pay attention to market sentiment: The trend of BTC will have an important impact on SOL. · Pay attention to important news: In addition to cooperation and ETFs, you also need to pay attention to Solana network upgrades and global macroeconomic policies. 💎 Summary and Outlook SOL's short-term technical picture has improved and is trying to recover from oversold conditions, but the overall situation is still in the rebound repair stage and has not yet formed a clear trend reversal. · For the short term, the current winner lies in the breakthrough result of the resistance zone of 172-175 US dollars. You should be cautious in operations and strictly set stop losses. · For the medium to long term, this pullback may provide an opportunity to buy in batches, but you need to be patient and don't rush. Although the technical situation has improved in the short term, the continued institutional capital inflows brought by ETFs and the breakthroughs of the Solana ecosystem in real-world applications (such as the cooperation with Western Union) are still important long-term value supports. The above suggestions are only analytical references based on current market conditions and do not constitute any investment advice. The cryptocurrency market is highly volatile and risky. Stay safe everyone, more real-time guidance⬇️⬇️⬇️  |
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