Conditions for the continuation of the bullish trend
- Support level: 161.8 is the watershed for bulls and bears on the hourly level. If this level holds, the bullish trend continues, and the upward structure is maintained.
- Target level:
1. Previous high resistance level 164.5 (breakthrough opens up upward space);
2. Secondary resistance zone 166.9-170.5-174.4 (requires volume support for breakthrough).
Risk of pullback and support
- Breakout signal: If the hourly closing line falls below 161.8 and rebounds weakly, it indicates a short-term reversal to a pullback, beware of bullish selling pressure.
- Support level:
1. First support 158.7 (recently dense trading area);
2. Second support 154.4 (50-hour moving average support);
3. Strong support 150.8 (key support level on the daily chart).
Summary
The trend of SOL today focuses on the key level of 161.8, and the battle between bulls and bears will determine the short-term direction. The current market is supported by sector rotation and capital inflow, but attention should be paid to whether the RSI indicator enters the overbought zone (near 70). In terms of operations, it is recommended to use the gain or loss of 161.8 as a signal: if it holds, consider buying on dips, with targets at previous highs and secondary resistance zones; if it breaks, observe or lightly defend, with lower support levels to accumulate in batches. Pay attention to controlling positions, strictly implement stop-losses, avoid chasing highs and selling lows, and keep an eye on mainstream coin correlations and Solana ecosystem dynamics.$SOL #SOL走势
