The daily chart shows a bullish candle with a long upper shadow, and the trading volume is one-third higher than the previous day. The volume of the large bearish candle on August 25 is basically consistent, and the two days of bullish candlestick bodies exceed half of the bearish candlestick body. The short-term trend is significantly stronger than Bitcoin and Ethereum.
Yesterday it was said that SOL follows Ethereum, but this view is incorrect. SOL has experienced a short-term independent trend, but it is necessary to pay attention to whether it can be sustained.
Bitcoin has not declined further, providing room for SOL to rise. However, if Bitcoin drops, SOL will definitely follow suit.
In the next three days, SOL's price must stabilize above 200; otherwise, it will still need to drop for adjustment. Currently, the focus is on observation, waiting for the trend to clarify.
Daily resistance levels are 206-220-236-254, support levels are 189-175-164-145-136.
