The daily candle is a bearish candle with short upper and lower shadows, and the trading volume is slightly less than the previous day, but it is basically stable.
The daily fluctuations are slightly larger, and after the price hit the upper edge of the red box area, it dropped back to the midline of the red box area (145), forming a rebound, then oscillated. The midline of the red box is also the support of the daily MA120.
In the short term, the price is also greatly influenced by Bitcoin's movement; SOL will follow Bitcoin's trend.
I still believe that even if the price of SOL continues to rise, it will still stay within the red box area and experience at least two large-range oscillations, with oscillation prices in the 120-180 range.
Therefore, when the price gets closer to 120, it is your opportunity to enter. If it can return to the 110-100 range, be bold to increase your position.
The upward trend at the daily level, along with the main upward wave breaking new highs, is still ahead.
Daily resistance levels 163-175-186, support levels 145-132-121-110
