The hourly level also follows Bitcoin, but without the intermediate fluctuation process, it started to decline before Bitcoin, and when Bitcoin drops, it accelerates the decline.
The daily line shows a long body with a short upper shadow and a long lower shadow, with trading volume increased by one-third compared to the previous day, still within normal trading volume.
The daily MA30 line maintains a downward trend, and the MACD shows an increasing downward momentum below the zero axis, so the rise is still a rebound rather than a reversal.
Since May 30, when the daily line broke below the MA30 line, the upward trend has basically been declared over, and on June 10, the price rebounded to the MA30 line, making a false breakout before dropping again, which can officially confirm the continuation of the downward trend.
We have always said that the adjustment time for SOL will be very long, at least a few months of wide fluctuations in the 120-180 range, and then there will be a continuation of upward movement, so be a little more patient and buy in batches when prices are low.
The price is still fluctuating in a large range within the red box area, with the lower edge around 120, the upper edge around 164, and the midpoint around 142.
Daily level resistance at 156-165-177, support at 134-120-110
From the SOL liquidation heat map, we can see that
the price is rising, with scattered large short positions waiting for liquidation in the 141.8-147.2 range, and a large concentration of large and super large short positions waiting for liquidation in the 148.8-153.6 range.
the price is falling, with a large number of large and super large long positions being liquidated, and there are still some scattered large long positions waiting for liquidation in the 138.4-133.8 range.
