The daily line is a bullish candle with an upper shadow, and the trading volume has shown a significant increase for two consecutive days. The price has broken through the resistance of the daily MA120 line and is currently above it, also breaking through the lower edge of the red boxed area. The price reached a maximum of around 176, close to the 180 neckline resistance level.
In the short term, the price will have a pullback to test the support levels of the upper edge of the red box and the MA120 line. If the price is around 163 and does not break the support on the pullback (ignoring spikes), the price will consolidate for a few days before continuing to rise. If it breaks below, the price will need to pull back to the 145-152 area before rebounding and rising again.
Regardless of how it moves, a pullback is always an opportunity to enter. In recent days, SOL's increase has not been significant compared to Bitcoin and Ethereum, and there is still a lot of room for growth ahead.
Daily level resistance at 183-196-220, support at 163-154-142-124
From the liquidation heatmap of SOL, it can be seen that
the price is rising, and there are still some large short positions waiting for liquidation in the 175.4-180.2 area
the price is falling, and there are a large number of large and extra-large long positions waiting for liquidation in the 167.4-140.4 area
