From a short-term perspective, if SOL wants to start a rebound, $182 is the key 'threshold'. Only by stabilizing above this level can a 1-hour level rebound be expected to start, and attention should be paid to resistance around $185 - $190 - $193 afterwards. If the rebound can't even stabilize at $182, it indicates insufficient strength; during the next decline, first watch the previous low of $177, and if it breaks, pay attention to support around $173 - $170 - $167.
Currently, the cryptocurrency market is in a slump, with Bitcoin and Ethereum both falling, and Dogecoin, SOL, XRP, SUI, and others dropping over 4%. However, the Solana Policy Research Institute is promoting on-chain stock issuance, and institutions are optimistic about SOL's high growth potential. Christine Smith, Executive Director of the Blockchain Association, is also strongly optimistic about Solana's future, which may provide support for SOL prices.
In summary, if SOL breaks through the key resistance at $182, it is likely to welcome an upward trend; if the breakout fails, it is highly probable to continue probing the lower support levels. #币安HODLer空投PLUME