SOL Evening Outlook
Resistance and Support Levels
- Resistance Level:
- $178-180: The current price is close to the highest price of $178.2 during the user period. If it breaks through, it may test the psychological level of $180, which has been a resistance area multiple times recently.
Support Level:
$173-174: The lowest price of $173.168 coincides with the recent support level. If it breaks below, it may drop to $170 (Fibonacci retracement level).
Short-term Trend Prediction
1. Bullish Scenario
Conditions: Price stabilizes above $178 and breaks through $180 with volume
Target: $185 → $190 (theoretical target based on the symmetrical triangle breakout).
2. Bearish Scenario
Conditions: Fails to break through $178 and breaks below the $173 support, accompanied by increased trading volume.
Target: $170 → $165 (strong support area).
Action Suggestions
Long Position: Break above $178 with light position, stop loss at $174, target $185.
Short Position: Break below $173 to short, stop loss at $177, target $165.
