SOL Short-Term Trend Analysis: Key Support and Potential Breakthrough Coexist
As of now, the price of SOL (Solana) is running around 134, overall in a phase of oscillation and accumulation, with both bulls and bears engaged in intense competition.
From a technical perspective
🔹 Support Area: The range of 130-132 constitutes a short-term support zone, having been tested multiple times without breaking, indicating strong bottom buying.
🔹 Resistance Area: The range of 136-138 is a resistance zone that has been attempted to break through multiple times recently without success. If it can stabilize with increased volume, it will open up a new round of upward movement.
🔹 Indicator Observation: The short-term MA moving averages are tending to converge, and the market direction is about to be chosen; the MACD is about to form a golden cross, showing signs of strengthening momentum.
In terms of trading suggestions, short-term traders can pay attention to low buy opportunities around 132, with stop-loss set below 130 and targets aimed at the 138-140 range. If it can effectively break through 140, the market is expected to accelerate upward.
Summary: Currently, SOL is on the eve of a critical trend change. Conservative traders may wait for clearer direction before entering, while aggressive traders can look to accumulate around the support levels, ensuring good risk management, and play for a breakout.
Subsequently, pay close attention to the combination of trading volume and changes in market sentiment.
The market is expected to start, and opportunities are only for those who are prepared!
