August 18 Morning SOL Market Analysis:

Currently, the SOL price is fluctuating around the recent range of 186. In the short term, attention should be paid to the breakthrough of key support and resistance levels. From a trend perspective, it is largely influenced by the sentiment of major cryptocurrencies like Bitcoin. If Bitcoin continues to face downward pressure, SOL may also be under pressure. At the daily level, there is some selling pressure near previous highs, and short-term bullish momentum appears to be slightly insufficient.

Trading suggestion: Pay attention to the short-term resistance range above at 192. If the price rises to this range and shows signs of stagnation, consider taking a light short position, targeting the lower support level of the recent fluctuation. At the same time, set strict stop-losses to mitigate the risk of sudden market reversals.