#AltcoinTrade #TradeOfTheWeek $SOL I have always reminded everyone to look at the long-term target of 178-179 position

Now the price is 171 with the highest price at 176, a deviation of 2-3 dollars. Including the tweet below that mentions breaking the 155 position for right-side buying, the lowest can still achieve a 10% increase.

Now the price has come to around 178, updating the subsequent outlook.

On the $SOL 4-hour chart, it can be seen that after breaking the triangle resistance at 148, it started to surge with volume, pushing the price up to 176. It is only a bit away from breaking the March high of 178. The selling pressure at this position mostly comes from users who were stuck in March and those who closed their positions at the bottom. There has already started to appear signs of exhaustion in the upward momentum.

To achieve a higher increase, it is necessary to break through the resistance at 178. Once broken, the price will quickly reach 217-225. Apart from some SOL buyers, the biggest supply comes from on-chain users. After all, there are quite a few people who engage in on-chain activities with SOL. These people generally do not sell off large amounts after purchasing SOL, which is why more people prefer to buy SOL compared to ETH, as it allows for on-chain activities and holding for growth.