The hourly trend is moving in sync with Bitcoin, first rising then falling.
The daily line shows a small bearish candle with a long upper shadow, and the trading volume is about a quarter more than the previous day, which is a normal trading volume.
The daily MA30 line maintains a downward trend, and the MACD shows weakening downward momentum near the zero axis.
After the hourly rise, the price approached the daily MA30 line, encountered upward resistance, and chose to follow Bitcoin downwards for a correction instead of breaking through.
After the daily level adjustment and decline, there will be a rebound, but the overall daily level is in a downward trend; any rise is a rebound, not a reversal.
The large range of oscillation will continue, buy spot on dips, and wait for the rise and main upward wave after the bottom is formed.
Daily level resistance at 156-165-177, support at 142-134-120-110.
From the SOL liquidation heatmap, it can be seen that
The price is rising, with a large number of significant short positions waiting for liquidation in the 158.8-163.2 area.
The price is falling, with a large number of significant long positions waiting for liquidation in the 148-138 area.
