The hourly level is basically synchronized with Bitcoin, and the magnitude of the decline has increased.
The daily line is a long bearish candle with upper and lower shadows, the daily MA30 line remains in a downward trend, and the MACD has crossed below the zero axis showing a weakening downward momentum.
The view has not changed; there is a large range of oscillation, and the downward momentum has not yet been fully released. There will be a rebound during the day, but after a brief rebound at the daily level, it will continue to follow Bitcoin in a downward trend.
The lower edge of the red box, which is around 120, will be a relatively strong support position in the near term. There will be a daily-level rebound here.
We have always said that SOL will take a long time to adjust, at least a few months oscillating within the 120-180 range, before continuing to rise. So, be a little more patient and buy in batches at lower prices. The price is still oscillating within the red box area, with the lower edge around 120, the upper edge around 164, and the midline position around 142.
Daily level resistance at 142-153-165-177, support at 130-117-110.
From SOL's liquidation heat map, it can be seen that
The price is rising, with some large short positions waiting for liquidation in the 137.6-140.6 area, and a large number of large and extra-large short positions waiting for liquidation in the 141.6-153.2 area.
The price is falling, with a small number of long positions waiting for liquidation in the 131.6-128 area.
