1. Upward trend under the control of bulls
If SOL can firmly hold above this key watershed at 177 during the night pullback, it will be a strong proof that the bulls have overwhelming advantages, and it also means that the current upward trend will be further strengthened and continued. In this case, the bulls are expected to launch a fierce attack towards higher targets, with three key resistance levels worth paying close attention to:
- 180: As the primary obstacle to recent price increases, this level has gathered a large number of profit-taking orders, forming a solid bearish defense line. A successful breakthrough will open up a new situation for subsequent price increases.
- 184: This price level coincides with important technical resistance levels, compounded by substantial trapped positions, becoming a “hard nut to crack” for the bulls. It requires strong buying power and positive market sentiment to work together to achieve a breakthrough.
- 189: As a significant round number with strong psychological deterrence, it also constitutes a strong resistance level on a technical level, representing the ultimate challenge for the bulls to break through. If the SOL price can successfully conquer this level, it may completely open up upward space, ushering in a new round of explosive growth.
2. Downward adjustment risks dominated by bears
Once the SOL price breaks below the key watershed at 177, the market structure will instantly reverse, and the 1-hour level will quickly enter a correction mode, with bearish forces taking the dominant position, facing significant adjustment pressure in the short term. The support range of 175 - 172 - 169 will successively become key defense lines against bearish declines:
- 175: This initial support zone formed by short-term moving averages can provide initial cushioning for rapidly falling prices, slowing down the bears' offensive pace.
- 172: This level has acted as a key support point multiple times during recent price fluctuations, carrying the psychological expectations of many investors. Once this level is lost, it could easily trigger panic selling, increasing downward pressure on the price.
- 169: Multiple time frame moving averages converge here, forming the core area of contention between bulls and bears. If this strong support level is effectively broken by the bears, the market may trigger a deeper decline, and pessimistic sentiment will further spread.
3. Summary and investment advice
177 serves as the core watershed for SOL's night market trends, and its importance is self-evident. If the smaller K-line can effectively stabilize above this watershed, the bulls are expected to challenge the resistance levels in the 180 - 189 range, and everyone should pay attention to long opportunities; if it cannot hold, caution is needed for the risk of price pulling back to the 175 - 169 area, and timely risk control should be implemented.
Price fluctuations are intense and full of uncertainty. It is advisable to closely monitor changes in K-line patterns, trading volume, and other indicators, strictly set stop-loss and take-profit levels, reasonably control positions, and avoid blindly following the market.$SOL #SOL走势