Analyze SOL
The weekly chart of SOL has formed a bullish cup and handle pattern. After rebounding from $135, the price is now approaching the key resistance level of $200 - $210. The current price is $168.2. Although it has recently dropped by 1.57%, the pattern still holds, and the bulls are still striving to break through.
From the perspective of capital flow, the forces of buyers and sellers are about equal, with everyone inclined to hold their coins rather than sell. This is beneficial for the upward movement, but it also indicates that market confidence is somewhat lacking. Trading data shows that 70% of traders are bullish; however, the overall market sentiment remains cautious. Additionally, the interest of ordinary investors in SOL has declined, which may slow down its rise.
If SOL can break through $200, it is likely to surge significantly; if not, the price may continue to fluctuate or even decline. The market is still observing, waiting for SOL to provide a clear signal.
#SOL
The weekly chart of SOL has formed a bullish cup and handle pattern. After rebounding from $135, the price is now approaching the key resistance level of $200 - $210. The current price is $168.2. Although it has recently dropped by 1.57%, the pattern still holds, and the bulls are still striving to break through.
From the perspective of capital flow, the forces of buyers and sellers are about equal, with everyone inclined to hold their coins rather than sell. This is beneficial for the upward movement, but it also indicates that market confidence is somewhat lacking. Trading data shows that 70% of traders are bullish; however, the overall market sentiment remains cautious. Additionally, the interest of ordinary investors in SOL has declined, which may slow down its rise.
If SOL can break through $200, it is likely to surge significantly; if not, the price may continue to fluctuate or even decline. The market is still observing, waiting for SOL to provide a clear signal.
#SOL
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SOL
167.95
-1.99%