1. Core assessment of short-term trend

Today's key node in the SOL market is at the price level of 167.5. The performance of the 1-hour candlestick's closing at this price level is the key basis for judging the market's subsequent direction.

Bullish continuation signal

If the 1-hour candlestick can firmly stay above 167.5, and the subsequent two closing prices remain above this level, it means that the bullish market structure remains unchanged, the correction has completely ended, and a new round of upward movement is about to start, with prices gradually climbing towards the upper resistance level.

Bearish signal

Conversely, if the SOL price consistently fails to break through 167.5 at the 1-hour level, it indicates insufficient upward momentum, and the bears still hold market dominance. The market is likely to continue the correction trend and enter a new round of probing down.

2. Key level distribution and strategy reference

(1) Upward pressure level

1. First resistance level: 170.7

This position is at the upper edge of the recent price fluctuation range, where a large number of profit-taking and previous trapped positions have gathered. When the SOL price rises to this point, double selling pressure will directly hinder the short-term upward movement, becoming the first hurdle that bulls must overcome to break through.

2. Mid-term resistance level: 173

This level is in the overlapping area of key moving average resistance and important Fibonacci resistance levels, exerting strong pressure on price upward movement. To effectively break through, not only sufficient buying funds are needed, but also the cooperation of overall market bullish sentiment.

3. Trend breakout level: 176.5

Once the SOL price successfully stabilizes at this level, it can confirm its entry into a new upward channel, and the subsequent upward space is expected to be significantly opened up, indicating that a new round of strong upward momentum is about to begin.

(2) Downward support level

If the 1-hour level cannot stabilize above 167.5, a new round of pullback is expected, with the following support levels in order:

1. Primary support level: 165.1

Formed by the convergence of short-term moving averages, this support level is also an important psychological defense line tested multiple times previously, which can buffer the impact of bearish probing to some extent and slow down the price decline.

2. Secondary support level: 162.9

As a strong support level built upon the early price low, if this level is lost, market panic may quickly spread, triggering larger-scale selling behavior, leading to accelerated price decline and further testing of lower support.

3. Strong support level: 159.5

This level is located in the support area of multiple cycle moving averages and is a key strategic position fiercely contested by both bulls and bears. Its loss or gain directly affects the subsequent medium to long-term trend direction. Once it is broken, it may trigger a deep correction, altering the overall market pattern.

3. Summary

The long-short battle at the key price level of 167.5 is the core of SOL's intraday trend. If the price can effectively stabilize above this position, the bulls are expected to challenge the resistance in the range of 170.7-176.5; if it cannot hold, one must be wary of the risk of price pulling back to the area of 165.1-159.5. It is recommended to closely monitor the changes in the 1-hour candlestick pattern, strictly implement stop-loss and take-profit strategies, and reasonably control positions.$SOL #SOL走势