Key Analysis and Trading Strategy for SOL Short-term Trends
Current price of SOL is around 179, currently in a critical turning point.
There is strong resistance in the 185-190 area above. A breakout with volume could initiate a new wave of attack;
The 172-175 area below forms an important support zone. If it breaks down, it may target the 165-168 demand area.
Key technical signals:
1) The 4-hour chart shows a converging triangle pattern with decreasing volatility
2) MACD is consolidating near the zero line, waiting for a direction choice
3) There is a large accumulation of futures positions in the 179-182 range
On-chain data reveals:
• There are large buy orders accumulated below 175
• There is significant short-term profit-taking pressure above 180
• Funding rates have returned to neutral, with a balance in long and short positions
Trading strategy suggestions:
Short-term traders may focus on the breakout at 185, confirming before following the trend
Conservative investors are advised to wait for stabilization signals after a pullback to the 172-175 support zone
A sudden drop below 170 requires caution for accelerated pullback risks
The market is ever-changing, and the above analysis needs to be adjusted based on real-time market dynamics. I will announce precise buy and sell points along with position management plans to internal fans at #币安Alpha上新 #比特币突破11万美元 .