The trend is slower than Ethereum, but more stable. SOL hasn't shown much yet; a daily increase of over 20% hasn't appeared, and the daily uptrend is not over yet. Hold onto your spot positions.
Yesterday morning's drop at the hourly level retested our position at 163, but it actually rebounded around 166. The daily chart shows a bullish candle with a lower shadow, and the price has broken through the psychological barrier of 180, continuing to move upwards. The next target is the 200 psychological level, which won't be broken through easily due to psychological pressure and the concentration of trapped positions. The short-term take profit can be set in the 190-200 range, and short positions can also be considered.
In short, the support levels on the daily chart are all buying opportunities.
Daily resistance levels are 196-220-244, and support levels are 163-154-142-124.
From the liquidation heatmap data of SOL, we can see that
As the price rises, there are still some large short positions waiting to be liquidated in the 185-189 range.
As the price falls, there are some large long positions waiting to be liquidated around 180, as well as in the 176.4-174 and 172-162.8 ranges.
