The daily chart of SOL still maintains its own rhythm, following Bitcoin's rise and fall during the day at the hourly level, and starting to fall ahead of Bitcoin around 6 PM, then rebounding with Bitcoin in the early morning.
The daily chart shows a small bearish candlestick with a doji pattern; currently, the daily chart has formed four consecutive bearish candles, but there is no significant volume, maintaining a trend of oscillating downward.
This rise is driven by momentum at the 4-hour level; currently, the price has returned to the support level of the 4-hour EMA52, but there is insufficient upward momentum at the 4-hour level. The price needs to further decline to the 8-hour or 12-hour support levels before rebounding, with the price around 138-141.
In terms of operation, you can buy in batches at three positions: 120-130-140, waiting for the next round of increase, with short-term targets set at 160-170-180.
The SOL macro cycle will still undergo large-range oscillations in the 120-180 range, waiting for the main upward wave after forming a bottom.
Daily resistance levels are 160-172-183-204, support levels are 139-127-112-98-82.
From the SOL liquidation heatmap data, it can be seen that
the price is rising, with some short positions waiting for liquidation in the 149-152 range and a large number of large and extra-large short positions waiting for liquidation in the 153-157 range.
the price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 145.2-140.1 range.
