The daily line shows a small bullish candlestick, the price has retraced to the daily EMA52 line, forming a rebound at the hourly level, and overall, the hourly trend is following Bitcoin.
The daily level has been in a downward consolidation for more than ten days, with a decline of less than 10%, which should have shaken off a batch of people here.
The daily MA30 line is still in an upward trend, so the short-term daily upward trend has not changed. If Bitcoin declines next, it will drive SOL's price down, retracing to the daily MA30 line (137.3). As long as this line is not broken (short-term spikes do not count as breaking), then it will be a perfect trend.
The view remains the same as yesterday: the weekly level rebound has not ended, so the daily level fluctuations are normal adjustments. You can operate over an extended time period. SOL will oscillate in a large range of 120-180, and in terms of operations, just focus on large waves, waiting for interest rate cuts, capital influx, and to catch a wave of the main upward trend.
Daily resistance levels are 160-172-183-204, and support levels are 137-124-112-98-82.
From the SOL liquidation heat map,
the price is rising, with a large number of large and extra-large short orders waiting for liquidation in the 147.8-153.8 range.
the price is falling, with a large number of large and extra-large long orders waiting for liquidation in the 142.8-138.6 range.
