Current SOL price is 153. Is the next step to continue rebounding or to consolidate for a pullback?
Currently, the price of SOL (Solana) is around 153 USDT, in a critical consolidation area after recent gains. The short-term trend has reached a critical point for directional choice, and overall, both bulls and bears have room for competition. Here is the core analysis.
1. Technical Structure Analysis
Daily Level: SOL rebounded from a low of about 118 USDT to above 160, with a rebound of over 35%; currently located in the previous high and key resistance area of 154~158, multiple attempts to test but with insufficient volume; MA5/MA10 are diverging upwards, and the overall trend is still within an upward trajectory; the daily RSI is close to the overbought edge, facing adjustment pressure in the short term.
4-hour Level
Currently entering a box volatility, initially forming a range consolidation of 149~158; if volume breaks above 158, it could open up new space looking towards 168~172; if it falls below 149, it may retest the support area of 144~140.
2. Market Sentiment and Capital Observation
On-chain activity remains stable, the SOL ecosystem's heat has not diminished, and there are sporadic highlights in the NFT sector;
Capital observation: Some medium and short-term funds are beginning to flow back from mainstream to highly volatile second-tier coins, with SOL benefiting significantly; retail sentiment has turned positive, and contract long positions have slightly accumulated, but caution is needed for potential false breakout pullback risks.
Currently, the market has a strong bullish sentiment towards SOL, but lacks the decisive breakthrough for a strong unilateral move, so attention should be paid to the confirmation of pullback actions after short-term highs.
3. Short-term Operational Strategy Suggestions (for reference only)
Long Position Plan on Breakout:
Focus on the 158~160 range; if a volume breakout occurs and closes firmly, consider chasing long positions; target towards 168~172; set stop-loss below 155 to prevent false breakouts and shakeouts.
Short Position Plan (Betting on Pullback)
If the price falls below the support level of 149, short selling pressure may gradually increase; target for short positions at 144~140, with stop-loss set above 151.
Volatility Trading Strategy (suitable for experienced traders): Rely on the support at 149 for low long positions, reduce positions and take profits near 158; adjust stop-loss and take-profit flexibly upon breakout or breakdown, and avoid heavy bets on direction.
Now is the time to observe volume signals and plan accordingly, not the time to blindly go all in.
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