SOL

The daily chart shows another small bearish candle resembling a doji, with trading volume only two-thirds of the previous day. It continues to maintain a trend of decreasing volume and has now recorded five consecutive bearish days.

There isn't much to say about the SOL trend; if Bitcoin doesn't drop, SOL won't drop significantly and will continue to follow its current pace, waiting for Bitcoin's trend to clarify.

As mentioned yesterday, this upward movement is driven by 4-hour momentum, but the 4-hour chart has shown signs of insufficient upward momentum. The price needs to decline further to reach the support levels of the 8-hour or 12-hour charts before rebounding, with the price in the range of 138-141.

Therefore, in terms of trading, 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 larger cycle will still oscillate in the range of 120-180, waiting for the main upward wave after building a base.

The daily chart resistance levels are 160-172-183-204, and the support levels are 139-127-112-98-82.