SOL did not follow Bitcoin's rise, instead, it showed a downward trend on an hourly basis.
The daily line is a small bearish candle with short upper and lower shadows; the trading volume is one-fifth less than the previous day, about half of the volume of the big bullish candle on the 23rd, indicating a shrinking volatility trend.
The daily MA30 line still shows a significant downward trend; the MACD is below the zero axis indicating a weakening downward momentum. If we can close with a bullish candle in the next day or two, the MACD will form a golden cross pattern, leading to another wave of upward momentum.
SOL is still in a downward trend, so any rise is just a rebound rather than a reversal. Funds are still concentrated on Bitcoin, so when Bitcoin drops, SOL will certainly drop as well.
Around 154 will still be the main resistance level in the near term; any rebound to this level will likely lead to a downward adjustment.
Daily level resistance at 154-165-177, support at 121-112-96-79.
From SOL's liquidation heatmap, it can be seen that
As the price rises, there is a large number of significant and extremely large short positions waiting to be liquidated in the 147.8-152.2 area.
As the price falls, there is a large number of significant and extremely large long positions waiting to be liquidated in the 141.8-135.8 area.
