Today, the focus of SOL market is on the key price level of 171.5 USD.
This level is a crucial watershed for determining the rebound trend. Only if the price stabilizes effectively above this level in the 1-2 hour timeframe is there hope for a rebound.
Key resistance levels to watch above are 174.7 USD, 180 USD, and around 183 USD.
If today’s rebound cannot hold above 171.5 USD, it indicates a lack of upward momentum, and the price may continue its downward trend.
The primary support level below is the previous low of 167 USD. If this level is maintained, a small-scale rebound is expected; if it breaks, further attention should be paid to the support ranges of 164.3 USD, 161.3 USD, and 158.5 USD.
