Brothers, today Long Ge will talk to everyone about the latest trends and trading suggestions for SOL.
First, let's look at the support levels: the short-term support is at $156.5–$160. If it breaks below $162.5, which is a key level for bulls and bears on the 4-hour chart, it may drop to $160.8 and $158.9. The strong support is near $156.5, and there is a dense accumulation of orders at $165. The medium-term support is at $153–$155, with $155–$156 being a historical low area, which might bounce back upon reaching.
Regarding resistance levels: the short-term resistance is at $164.9–$166, with the 5-day moving average at $163.6 and the trendline pressure at $166 forming a resistance zone; a breakout must be accompanied by strong volume. The strong resistance is at $184–$186, with significant selling pressure at previous highs, requiring major positive news to break through.
In terms of bullish and bearish momentum, the 4-hour MACD histogram has turned positive, indicating that the bulls are strengthening, but the trend remains unclear; KDJ is oversold (below 37), and RSI is below 30, suggesting a possible technical rebound in the short term. In terms of trend, the price is still below the 4-hour downtrend line and needs to break above $162.5–$163.6 to reverse the bearish trend.
Long Ge's trading suggestion: Short near $163.80–$164.30, targeting $160.50–$158.30. Remember, the market has risks, don't blindly chase orders, and act according to your own situation! #SOL