In this round of market driven by Ethereum spot, the degree of participation from SOL is relatively low.
Looking at the previous highs, the weak oscillation and bearish triangle pattern broke upward. Bulls continue to increase gently, representing a passive addition to the rise.
Since the choice is to break upward, a higher bullish framework has appeared again in the short term, so there is still upward strength and space going forward.
The current position is near the previous high, and a bullish head-and-shoulders bottom pattern has formed on a larger scale. With the token launch from pumpfun, SOLANA has the opportunity to explode in the ecosystem again in the future.
Clearly, chasing long positions directly on a smaller scale is not very wise; it's better to follow the trend with low long positions during a pullback.
Pay attention to the price performance near the key level of 153. There is still room for bulls if it bounces back and holds.
Above: 161.2/163.7/169.4
Below: 155.7/153.5/150.3