Family, today I'm here to have a good talk about the recent market situation of Solana (SOL)! I have researched the latest market data and analyzed it for everyone from the aspects of technical indicators, fund movements, and fundamental dynamics!

First, let’s talk about the key support and resistance levels. On the support side, $174.0 is a short-term psychological barrier. If this level is broken, the price is likely to accelerate downward, so everyone should keep a close watch! The $170.3 level is a technical buying zone, and if the price approaches this level, there may be a lot of funds entering to buy at the bottom.

Now, regarding the resistance levels, $185.0 is a zone with high trading volume, and there is strong selling pressure here. If the price rises to this level, it may encounter significant obstacles. $187.0 is the previous high resistance; the price was pushed down when it reached this point before, so whether it can break through this time depends on the market's performance.

Currently, there are also differences among institutions. If BlackRock launches a spot SOL ETF, it may disrupt market expectations, leaving everyone unsure about how to judge the market situation. However, some listed companies like Cemtrex are continuously increasing their holdings of SOL as a strategic reserve, which indirectly reflects that SOL still has certain value.

At present, SOL is in a bearish-dominated, oscillating downward channel, and the $174 support level has become a dividing line for short-term bulls and bears. If this support level can be maintained, the price may rebound to test the $185 resistance level. However, if it breaks below $174 with increased volume, we need to be wary of the risk of accelerated downward movement, which could lead to significant declines.

Finally, let me share today's trading strategy. You can go long near $173.50 - $174.10, with an initial target of $177.21. If the market is favorable, we can look at $181.10 as well. #sol