SOL Market Analysis: Breaking Key Resistance, Pullbacks Present Opportunities
The SOL daily chart has shown two consecutive days of increased volume with positive closing, successfully breaking through the MA120 moving average and the lower boundary resistance of the key range, reaching a high around 176, nearing the 180 neckline resistance level. Current technical indicators suggest a short-term pullback may be required, but the overall trend remains strong.
Key Trend Forecast:
Ideal Scenario: Price pulls back to around 163 (with the upper boundary of the range and MA120 providing dual support), confirms the effectiveness of the support, then consolidates to build momentum, continuing the upward trend.
Alternative Path: If the 163 support fails, further pullbacks to the 145-152 area may occur to complete a washout, followed by a resumption of the upward trend.
Operational Strategy:
Short-term Resistance: 183 (neckline) → 196 → 220
Core Support: 163 (strong/weak boundary) → 154 → 142 → 124
Market Opportunities:
Compared to the recent gains of BTC/ETH, SOL still has significant room for catch-up. Any healthy pullback is a layout opportunity, with a focus on the bullish defense strength in the 163 support area. The trend remains unchanged; patiently wait for low-buy opportunities.
