The hourly trend is still synchronized with Bitcoin, showing a good upward trend.
The daily line is a big positive line, and the trading volume is more than twice the average daily trading volume on weekends, but it is similar to the average daily trading volume on previous working days, which is not considered a large-scale increase.
The daily MA30 line is still in a downward trend, and the MACD shows a weakening downward momentum near the zero axis. The fast and slow lines are about to form a golden cross. If a golden cross occurs, there is still room for upside.
Currently, the price has risen to the neckline near 164, which is also near the daily MA30 line. There will be relatively large upward pressure here, and it must continue to break through before it can continue to test the pressure level here at 180.
In the short term, there will be a decline and pullback at the hourly level, with the target around 157. The trend will depend on Bitcoin.
Daily pressure levels are 164-179-188-196, support levels are 157-152-140-136-130-125-110
From the SOL liquidation heat map, we can see
The rapid rise in prices has liquidated a large number of large and super-large short orders. Currently, there are no short orders to be liquidated on the upper side, and it will take time for short orders to accumulate again.
The price fell, and there were a lot of large and super large long orders waiting to be liquidated in the 154.4-143.8 area.
