Family, I am Brother Hao. Today, I want to chat with everyone about the price trend of Solana (SOL). I have integrated technical indicators, on-chain data, and market sentiment to analyze it for you.

First, let's take a look at the latest price. SOL is currently quoted in the range of $177 - $185, with a 24-hour decline of 4.01%. The lowest point in 24 hours was $176.12, and the highest point was $193.35, with a trading volume of approximately $6.584 billion. From this data, we can see that the market volatility is still quite significant.

Now, let's discuss the short-term trend. From a 4-hour perspective, the price is showing a fluctuating downward trend and has tested the key support level of $175 - $177 multiple times.

Next, let's talk about the two scenarios: bullish and bearish. If SOL can hold the support level of $175 - $177 and rebound with volume, it has a good chance to test the resistance level of $193. If it successfully breaks through $193, the target can be set towards $200 - $214, which is akin to a tug-of-war match where the bulls, with a surge, pull the bears across the red line, achieving a temporary victory.

But what if it can't hold? If it fails to maintain $175, that would be troublesome. Stop-loss orders would be triggered, and the price would accelerate to drop to $168, or even lower to $155. At that time, we need to closely monitor the movements of on-chain whales and the selling pressure from exchanges; they are like key players in the match, and every move they make could influence the outcome of the game.

Finally, let me share Brother Hao's operational guide for today: short near $181.85 - $184, first targeting $178, then further down to $171. #solana