SOL Volume Breakthrough! Target of 160 Achieved, Next Stop 180?
Daily level shows a strong bullish candle with SOL's daily trading volume doubling and a strong breakthrough of key ranges. Just as predicted yesterday—Bitcoin and Ethereum's rise directly ignited SOL's momentum, rapidly pushing the price close to the upper range of the 160-180 target area.
Key Bull-Bear Divide:
Resistance Zone: 172 (short-term selling pressure), 183 (key trend level), 204 (previous high resistance)
Strong Support Zone: 154 (bullish lifeline), 140 (swing defense level), 124 (mid-term baseline)
The current price has reached the resistance of the daily MA120 moving average, requiring a technical adjustment in the short term. However, following Bitcoin's consolidation, SOL is likely to gather strength for another push towards the 180 target.
Operational Strategy:
Reduce positions in batches above 160 to lock in profits.
A bounce off the 154 support and stabilization will be seen as a second entry signal.
Breaking above 172 allows for adding positions to chase the 183 target.
The market's interconnected effects continue to strengthen, with SOL being a high Beta asset experiencing significant volatility. Remember: pullbacks in a trend are always opportunities to enter, but strict stop-loss settings are essential—if 154 is breached, the market will enter deep adjustment.
