The recent two days' trend is very similar to Bitcoin and Ethereum, basically following the footsteps of the big brother and the second brother. The daily line also shows a candlestick with long upper and lower shadows resembling a doji star, with trading volume about twice that of the previous day.
The daily MA30 line still maintains an upward trend, and the MACD shows a weakening momentum trend not far above the zero axis.
The current trend is synchronized with Bitcoin's downward pullback. The price has broken through the red box area and also the daily MA120 line. It is now undergoing a downward pullback to confirm the support conditions of these two positions.
In the short term, there is no sharp decline, but rather a fluctuating downward trend. There is certain support near the upper edge of the red box, so a rebound is expected around here, which is about 163.
If Bitcoin continues to go down, then SOL will definitely follow suit, continuing to seek support from the MA30 line, with the price currently around 150.
The 2-hour level support level given yesterday was reached, resulting in a rebound forming in the early morning. Long positions can still be added at the 4-hour and 8-hour support levels.
Pullbacks are opportunities to enter; when given the opportunity, it should be cherished.
Daily level resistance at 183-196-220, support at 163-154-142-124
From the clearing heat map of SOL, it can be seen that
the price is rising, with scattered short positions waiting for clearing in the 175-180 area, and a large number of large and extra-large short positions waiting for clearing in the 181.6-185.6 area.
the price is falling, with a large number of large long positions still waiting for clearing in the 165.8-162.8 area.
