SOL Technical Analysis: Oscillation Accumulating Momentum, Waiting for Breakthrough Opportunity
Solana's daily chart closed in the red, with trading volume slightly shrinking, continuing the recent oscillation pattern. Technical indicators show that the MA30 moving average continues to flatten, while the MACD is repeatedly entangled below the zero axis, indicating a temporary lack of clear directional guidance in the market. Nevertheless, SOL still possesses potential upward momentum, and following the end of the oscillation, a new round of rising trends is anticipated.
Key resistance levels to watch are around the upper edge of the red box at $164; if effectively breached, the price may further test the $180-$190 range. A short-term pullback to the MA120 moving average (around $145) can still be viewed as a buying opportunity, as this position has strong technical support. Close attention should be paid to the defense strength of the support zone between $145-$132; a breach could trigger a deeper adjustment.
In the current market environment, SOL's movement is more dependent on overall market sentiment and the flow of ecological funds. Investors can patiently wait for a breakout signal with increased volume, and if it successfully stands above the $164 resistance level, the upward potential will further open up.
