The hourly trend is also synchronized with Bitcoin and has not formed its own independent trend.
The daily line is a bearish candle with a long lower shadow, and the trading volume is slightly higher than the previous day, but is basically flat.
After the daily line tested the MA120 line, it rebounded; the next point down is the support of the daily MA30 line. Currently, the decline is fast, and the rebound is also quick, with significant volatility. The daily level is still in a downward trend without a clear upward momentum.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing bearish momentum not far above the zero axis, indicating that the adjustment at the daily level will continue.
The best trend is to continue to fluctuate downward, return to the support of the daily EMA52 line (153.6), and then wait for the MACD to return near the zero axis before continuing to rebound and rise.
Daily level resistance at 177-186-196-220-244, support at 158-154-142-124
From the liquidation heat map of SOL, we can see
Price is rising, with a large number of significant short positions waiting for liquidation in the range of 169.6-178.8.
Price is falling, with a large number of significant long positions waiting for liquidation in the range of 163.2-154.8.
