$SOL Current Status: SOL currently at $199.7, strongly breaking through the previous high resistance of $195, the 4-hour chart shows a bullish alignment of moving averages, MACD golden cross with increased volume, RSI rising to 65 (not overbought), short-term momentum is strong. If the daily close can stabilize above $200, it will open up a new round of upward space.
Core Bullish and Bearish Drivers:
1. Bullish Dominance:
· Technical Breakthrough Valid: A volume breakout above the key resistance of $195 may continue the short squeeze scenario.
· ETF Expectations Strengthened: Market's optimism towards Solana's spot ETF continues to ferment, becoming a core narrative.
· Ecological Hegemony Solidified: DeFi TVL, NFT trading volume, and new protocol launches still lead public chains, with strong fundamental support.
2. Potential Risks:
· RSI Daily Level Top Divergence Risk: If the price reaches a new high while RSI does not follow suit, watch out for a technical pullback.
Key Positions:
· Resistance: 205 (psychological level), 209 (historical high)
· Support: 195 (breakout turns support), 188 (bullish defense line), 180
Operational Strategy:
· Bullish Strategy:
· Aggressors: Lightly add to long positions at the current price (position ≤ 3%), set stop loss at 195, target 205→209.
· Conservative: Wait for a pullback to stabilize in the 196-198 range before entering, set stop loss at 193, target as above.
· Short Avoidance: The risk of shorting against the trend is very high, only recommend lightly trying to short near the previous high of 209 in conjunction with RSI overbought signals (stop loss at 212).