Can $SOL hold the support for a counterattack at 195, or will it fall back?
Currently, SOL is challenging the 20-day moving average at 178 USD, which may present short-term resistance;
Previously, the bears attempted to break SOL below the 50-day moving average at 163 USD, but the bulls successfully defended strongly, giving no opportunity to the bears.
If buyers can continue to push and break through, there is hope for a challenge at 195 USD, with a minor obstruction at 185 USD, but the likelihood of a bullish breakthrough is considerable.
The important support range is between 163 USD and 155 USD, which is their critical defense line. If the price falls below this range, SOL may first drop to 144 USD and could even continue to fall to 137 USD.
Personally, I care more about whether the bulls can hold at 178 USD; this is an important signal for an upward counterattack. Only by holding this position can there be confidence to continue pushing up.
If it can stabilize at 178 USD next, then the hope of reaching 195 USD is quite high.
Will the bull market continue? Big things are coming, those wishing to copy the homework, get in the comments section!