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SOL is recovering steadily, where is the next resistance? 🚀Recently, Solana (SOL) price has finally started to recover steadily, stabilizing above $165 and, like Bitcoin and Ethereum, enjoying a nice bounce 📈. The price of SOL is currently facing resistance near $172, and the market's focus is on whether it can successfully break through in the future. 📊 Price trend: Steady and rising The SOL/USD price has broken through the two key support levels of $162 and $165, and has also stood above the 100-hour simple moving average, showing that short-term bull power has increased💪. On the hourly chart, SOL is steadily rising along an ascending channel with resistance currently near $172. If this level can be successfully broken through, the next target will be $175, which is the 61.8% Fibonacci retracement level of the previous decline from the high of $188 to $145. It is also an important node that bulls need to overcome.  🚀 Upside potential: Next target If SOL price breaks above $175, bulls may continue to attack $188. Once it stands at US$188, the basis for the next round of rise is basically established, and the target price may be directly aimed at US$202, or even eventually hit the US$220 mark🔥 Trading volume and the upward trend are still supporting this market, and the OBV indicator shows that long funds are gradually entering the market, providing confidence for the subsequent rise. ⚠️Downside risk: pay attention to the support level Of course, there is always uncertainty in the market. If SOL fails to break above the $172 resistance, a pullback is likely in the short term. The initial downward support is at $165, and the main support is around $162💡.  If it breaks below $162, the price could test further towards the $155 area； If the closing price falls below $155, it may continue to fall to around $150 in the short term. Traders need to pay attention to risk management and avoid the urge to chase high prices. ✅ summary
Overall, SOL's upward momentum is building. As long as it successfully breaks through $172, the bull market is expected to continue to gain momentum. Short-term investors can focus on the $175 and $188 resistance zones, while steady investors can focus on the long-term trend 📈 The opportunity is fleeting, my dear friends, hurry up and gather here! Don't let hesitation hold back your wealth dreams, and don't let the trap of air coins swallow up your principal. Beibei will take you to layout the entire bull market! V: oiiou4 or Q: 3438753445  |
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