Solana (SOL) Afternoon Market Analysis
Dear friends, let's take a look at the afternoon market for Solana (SOL). The current SOL price is fluctuating around $165, which is a key support level, with 44.4 million SOL trading around this area, accounting for 7.42% of the total supply. Its performance is crucial; if it falls below this level, it may further decline to the $150 - $158 range.
Looking at the technical indicators, the 4-hour technical indicators for SOL show that the MACD histogram remains negative but is getting shorter, indicating that bullish momentum is strengthening; the KDJ indicator has formed a golden cross, suggesting a potential oversold rebound; the RSI is below 30, also indicating rebound potential. Considering these indicators, there may be signs of stabilization in the short term, but the direction is still unclear.
In terms of operations, Yang suggests considering placing an order around 170.20 - 169.50, aiming for a target near 167.3 - 165.00. However, with investments, there are certainly risks; the market is unpredictable, so everyone must operate cautiously, manage risks well, and may everyone reap bountiful rewards in their investments!
