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The real-time price of Solana (SOL) rose by approximately 6.93% in 24 hours. This rebound stems from the strong intervention of bulls after SOL bottomed out near $146.75, pushing the price back up. It is currently testing the key resistance level of $168. 📊 Overview of current trends This rebound allowed SOL to successfully break above the immediate resistance at $162 and is currently trading above the 100 hourly simple moving average. The 24-hour trading volume reached $4.811 billion, showing a significant increase in market participation. The rise was mainly driven by a technical oversold rebound and continued inflows of institutional funds. 📉 Detailed explanation of technical analysis Analysis of key technical positions SOL is currently at a short-term critical turning point, and the breakthrough will determine the subsequent trend. · Resistance levels: $168-172 (current nearest resistance), $178-185 (Fibonacci key area), $200 (psychological threshold) · Support levels: $162 (immediate support), $155-158 (core support zone), $150 (psychological support) technical indicator signals Several technical indicators showed that the market's short-term sentiment turned positive, but some indicators pointed to the risk of overbought. · The rebound momentum is enhanced: the MACD indicator on the hourly chart has entered the bullish zone and continues to strengthen, and the RSI has also stood above the 50 neutral level, confirming the improvement in short-term momentum. · Overbought risk accumulation: RSI in some time frames has entered the overbought area of 75-80, suggesting that a technical correction or consolidation may occur in the short term. · Bottom signal appears: A TD Sequential buy signal appears at the daily level, indicating that the rebound from the $150 support level may continue. 🔍 News impact positive factors Institutional funding continues to improve, providing fundamental support for SOL prices. · Stable inflows of ETF funds: Bitwise Solana ETF (BSOL) has continued to record net inflows in the past eight days, with total inflows exceeding US$500 million. The total inflow of the US SOL spot ETF has reached US$323 million since its listing. · Active on-chain activity: The Solana network handles more than 432 million transactions per week, has 17.2 million active addresses, and its fundamentals remain solid. · The derivatives market is picking up: SOL futures open interest increased by 3.47% to US$780 million. At the same time, short liquidation (US$9.7 million) far exceeded long liquidation (US$2.2 million), indicating that market sentiment has turned positive. risk factors · Selling pressure on exchanges: Data show that more than 730,000 SOLs were transferred to exchanges this week, which may indicate that some holders intend to sell on highs. · Intensive technical resistance: The price faces multiple technical resistances in the $168-172 range, and a breakthrough requires further cooperation from trading volume. 🤔 Operation suggestions short term You can pay attention to key price breakthroughs and strictly implement risk control. · Breakthrough trade: If the price exceeds $168 with volume, you can chase long positions with a target of $172-175. · Buy on callback: If it falls back to the support level of $162 and stabilizes, you can consider stepping in and set the stop loss below $160. · Risk control: If the price falls below the key support of $160, you need to be alert to the risk of further testing back to $155. Medium and long term Focus on long-term value and adopt a batch layout strategy. · Building positions in batches: The current $155-165 range can be regarded as a mid- to long-term layout area, and it is recommended to build positions in batches. · Ideal adding position area: If the price pulls back to the strong support area of 150-155 US dollars, it can be regarded as a safer opportunity to add positions. · Position period: 3-6 months recommended, target 195-210 US dollars. General risk control principles need to be kept in mind. · Position management: A single position should not exceed 10% of the total funds, and high leverage operations should be avoided. · Pay attention to the broader market: Whether Bitcoin can stabilize above $102,000 will directly affect the sustainability of the SOL rebound. · Stop loss setting: Be sure to set a stop loss for short-term operations, and the overall stop-loss reference level for medium- and long-term layouts is below $145. 💎 Summary and Outlook SOL's short-term technical picture has improved significantly due to the strong rebound, but the result of the breakout of $168 will be the key to determining the next move. · If it breaks through successfully: the next target will be the $172-175 area, and it may further test $180-185 after the breakthrough. · If it is blocked and falls back: it may form a shock consolidation in the range of 155-168 US dollars to digest the recent gains. Although the technical picture has turned bullish in the short term, we need to pay attention to the overbought signal of RSI and the risk of a possible correction caused by increased exchange inflows. The continued institutional capital inflows brought by ETFs and the high activity of the Solana ecosystem remain important long-term value supports. The market is risky and investment needs to be cautious. This article does not constitute any investment advice, it is for reference only. Please be safe and have more real-time guidance⬇️⬇️⬇️⬇️⬇️  |
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