The daily chart shows a small bullish candlestick, with trading volume gradually increasing for three consecutive days. The price has broken through the daily MA30 line, closing above it. The MA30 line maintains an upward trend, and the MACD is returning to the zero axis above it. If today closes as a bullish candlestick, the MACD will golden cross, indicating more upside potential.
Bitcoin is in a consolidation phase, while SOL is rising along with Ethereum, showing relative weakness. The short-term target is 182-187.
As long as Bitcoin does not have a significant downturn, SOL will continue to maintain this rhythm, gradually moving upward, and then enter a phase of accelerated price increase. We will observe as we go.
The hourly level is currently experiencing a 30-minute rebound within a 1-hour rebound. A short position can be taken at the 1-hour EMA52 line.
The daily level resistance points are 176-183-193-210-220, and the support points are 167-158-145-136.
