The hourly trend is also synchronized with Bitcoin; Bitcoin has bounced back after testing the 8-hour EMA52 line, while SOL has bounced back after testing the 12-hour and daily EMA52 lines.
The daily chart shows a small bullish candlestick with a doji pattern, and the trading volume is slightly higher than the previous day, which is within the normal trading volume range.
As we mentioned yesterday, SOL's consolidation over the past few days has shaken off a number of traders, but the uptrend on the daily chart remains unchanged. Therefore, we can expect a new wave of upward movement on the daily level, driven by the 12-hour upward momentum, with prices potentially reaching the 160-180 range.
Around 180 is the upper boundary of the major trend's consolidation; after being pressured here, it will likely drop back for a retest.
Daily resistance levels are 160-172-183-204, and support levels are 138-124-112-98-82.
From the SOL liquidation heatmap, we can see that
the price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 149-152 range
the price is falling, with a large number of large long positions waiting for liquidation in the 141-137.2 range
