How is the current trend of Sol?

📉 Current Market Overview

Recently, SOL has attempted to break through the resistance range of $160–$165 multiple times but failed, leading to a price retreat and triggering significant selling pressure. Technical indicators show that if it cannot regain the key resistance level, the price may face further downside risk. Currently, $150 is viewed as a key support level; if it breaks below this level, it could trigger a larger decline.

🔍 Technical Analysis and Future Outlook

Support and Resistance Levels: The current key support level is at $150; if it breaks, it may test $144 or lower levels. The upper resistance level is in the $160–$165 range; breaking through this area may open up upward potential.

Technical Indicators: The Relative Strength Index (RSI) shows a weakening market momentum, and it is necessary to watch for any oversold signals to assess the possibility of a rebound.

Investor Behavior: Despite price fluctuations, long-term investors and institutions are still steadily accumulating SOL, indicating confidence in its long-term value.

📈 Medium to Long-term Forecast

According to market analysis, if SOL successfully breaks through the current resistance level and maintains an upward trend, it could reach the range of $250–$400 within 2025. However, if market sentiment weakens or negative news arises, the price may retreat to $127 or lower.

✅ Investment Advice

Short-term Strategy: It is advisable to closely monitor the performance of the $150 support level; if clear rebound signals appear, consider short-term entry. At the same time, be cautious of the downside risk triggered by a price drop below the support level.

Medium to Long-term Strategy: For investors optimistic about the development of the Solana ecosystem, gradually accumulating during price adjustments is recommended, laying out a medium to long-term holding strategy.

Please note that the above analysis is for reference only; invest with caution.