1. Core Points and Trend Assessment
The key points of today's SOL market trend focus on the critical price level of 167. The outcome of the competition between bulls and bears at this level will become an important watershed for market development, and the performance of minor K-line pullbacks should be closely monitored.
Bearish Dominant Pattern
If the price breaks below 167 during a minor pullback, it indicates the official start of a 1-hour level correction, with bearish forces taking the dominant position. Market caution is expected to significantly rise, and there will be a strong wait-and-see atmosphere among investors. The support level below will become a key defensive line:
- 164 Initial Support: Short-term moving averages densely converge here, forming a buffer barrier that can initially weaken the impact of bearish downward pressure.
- 160 Psychological Defense Line: This point has been tested multiple times during previous price fluctuations and carries significant market psychological expectations. Once lost, panic may quickly spread.
- 155 Strategic Location: Multi-period moving averages converge here, making it a critical area for intense competition between bulls and bears. If effectively broken by bears, it may trigger a deeper downward trend and exacerbate market panic.
Bullish Continuation Signal
When the minor level pulls back, if the price consistently holds above 167 and maintains this in subsequent cycles, it indicates that bulls firmly hold market initiative, and upward momentum is expected to continue releasing, greatly boosting confidence in going long and attracting more funds into the market. On the upper pressure level:
- 170 is at the upper boundary of the recent fluctuation range, gathering a large amount of profit-taking and trapped positions, making it the primary obstacle for bulls to break upwards.
- 173 coincides with a key Fibonacci resistance level, forming strong pressure against price upward movement. A breakthrough requires strong buying power and positive market sentiment.
- 176 coincides with important moving average pressure areas. If this pressure level is successfully broken, the SOL price may open up new upward space.
2. Summary
The outcome of bulls and bears at the critical price level of 167 is key to the intraday trend of SOL. If the minor level can effectively stabilize above this position, bulls are expected to challenge the resistance in the 170 - 176 range; if it cannot stabilize, caution should be taken regarding the risk of price pulling back to the 164 - 155 region. The volatility is severe and filled with uncertainty. It is advised to closely monitor changes in minor K-line formations, strictly execute stop-loss and take-profit strategies, and reasonably control positions!#SOL走势 $SOL