SOL is generally following the rise of Bitcoin and Ethereum, but still has its own rhythm, and a significant increase has not yet occurred. So if Bitcoin and Ethereum pull back, SOL will likely follow with a pullback and then have a good chance of a recovery rally.
The weekly level is currently approaching the resistance level of the weekly MA30 line, which will exert some pressure. However, the weekly MACD is about to golden cross below the zero line, and the rebound at the weekly level needs to be effective, so any pullbacks present opportunities to enter.
Long positions can be taken at the support levels on the daily chart, while short positions should be closed for profit in a timely manner.
Daily level resistance at 183-196-220, support at 163-154-142-124.
From the liquidation heatmap of SOL,
The price is rising, and there are no significant short liquidations above.
The price is falling, and there are a large number of large and extra-large long positions waiting for liquidation in the 168.6-150.8 range.
