SOL showed a strong surge in the evening, momentum weakened, focusing on high short rebounds
In the evening, SOL demonstrated a clear strong upward trend, with a sharp short-term price rise that attracted widespread market attention. However, from the current market perspective, there are obvious signs of exhaustion in the upward momentum, and the northward strength is nearly depleted, limiting the potential for continued upward movement.
The overall market context is becoming increasingly clear: at this point, blindly chasing long positions has clearly low cost-effectiveness, with risks far outweighing potential gains. This stage is more suitable for a calm response, looking for opportunities to short at high positions.
In terms of strategy, it is recommended to pay attention to the resistance of SOL at the 174 level. If the price rises but fails to break through the resistance, one can position short orders in that area, with the initial target at the support around 165. If the market continues to weaken, the long-term target can look towards the 155 area $SOL