The hourly trend is synchronized with Bitcoin, with a smaller range of fluctuations.
The daily line shows a small bullish candlestick with a doji pattern, and the trading volume is just over half of the previous day, indicating a narrow range of shrinking fluctuations. The daily M30 line still maintains a downward trend, and the MACD is not far below the zero axis, showing a weakening downward momentum. If the next two days close with bullish candlesticks, the MACD will present a golden cross pattern, leading to another wave of upward movement.
The daily line is still in a rebound phase, not a reversal. The MA30 line will be the recent resistance level (154), and only after it stabilizes above this level can it be considered the beginning of a trend reversal.
The fluctuations of SOL completely depend on the movement of Bitcoin, and there will be a downward adjustment upon reaching the MA30 line.
It is still worthwhile to buy spot in batches at lower prices, as a medium-term hold.
Daily level resistance is at 154-165-177, and support is at 121-112-96-79.
From the liquidation heat map of SOL, it can be seen that
the price is rising, with a large number of large and extra-large short positions waiting for liquidation in the 145.8-151.2 range.
the price is falling, with a large number of large and extra-large long positions waiting for liquidation in the 143.2-135.6 range.
