SOL Market Trend Analysis 20250514 - Day 605

The trend is slower than Ethereum but more steady. SOL hasn't performed much yet; a single-day increase of over 20% has not occurred, and the daily-level uptrend has not ended. Hold onto your spot positions well.

Yesterday morning, there was a dip that retraced. The position we provided was 163, but it actually started to rebound around 166. The daily line features a bullish candle with a lower shadow, and the price has broken through the key level of 180, continuing to rise. The next target is the key level of 200, which will not be broken through in one go. On one hand, there is psychological pressure, and on the other hand, there is a dense area of trapped chips. The price rising to this level can be said to face significant resistance. Short-term profit-taking can be placed in the range of 190-200, and short positions can also be considered appropriately.

In summary, daily-level support levels are all buying opportunities.

Daily-level resistance levels are 196-220-244, and support levels are 163-154-142-124.