The daily line is a small bearish candle, currently in a two consecutive bearish pattern, with the trading volume only slightly more than one-third of the previous day, indicating a declining trend on reduced volume.
The daily MA30 line has also started to show a slight upward turning trend, with the price consistently running above the MA30 line, and the MACD showing weak upward momentum near the zero axis.
We have been saying recently that the upper edge of the red box area will be a significant resistance, coinciding with the daily MA120 line. Under this double pressure, it will be difficult for the price to break through in one go, so we expect significant resistance around 160.
Currently, there is a rebound trend at the 4-hour level, with short-term support around 144.7. However, the 4-hour level has shown insufficient upward momentum, making it easy for the price to break below the 4-hour support level and drop to the 8-hour or 12-hour support levels before rebounding, with prices ranging from 138.9 to 136.4.
Daily level resistance at 160-172-183-204, support at 139-127-112-98-82.
From the SOL liquidation heat map data, it can be seen that
The price is rising, with a large number of significant short positions waiting for liquidation in the 150.6-151.4 and 152.4-160.2 areas.
The price is falling, with a large number of significant and very large long positions waiting for liquidation in the 147.6-142.6 area.
