In the vast starry sky of cryptocurrencies, SOL has always shone like a brilliant star, attracting the attention of numerous investors. Today, Qingyao will analyze SOL's trend from both technical and news perspectives, exploring where it will sail in the ever-changing market.
Technical Analysis: From a technical perspective, we first focus on the 1-hour K-line chart of SOL.
Currently, SOL faces a clear pattern of resistance and support levels. The resistance level is at the critical position of 213, like a mountain standing in the way of SOL's upward trajectory. Each time the price approaches this point, it encounters strong selling pressure, with multiple attempts to break through failing. The key level of 206 is the battleground for fierce competition between bulls and bears; whether this level can be defended is crucial for SOL's short-term trends. The support level is around 197, providing some downward buffer space for SOL. If this support level is effectively broken, SOL may face a new round of downward trends.
Looking again at SOL's liquidation chart, the densely packed lines and color distribution contain rich market information.
The intensity of liquidation and the trend of K-lines intertwine, reflecting the liquidation pressure and trading activity at different price levels in the market. From the chart, it can be observed that in certain price ranges, the liquidation intensity is high, which means that when the price reaches these areas, it may trigger a large number of liquidation operations, resulting in a significant impact on the price.
News: White House economic advisers expressed slight disappointment with employment data and expect potential upward revisions. This news undoubtedly adds more uncertainty to the market. Employment data, as an important indicator of economic conditions, can affect investors' expectations for the overall market trend. If the employment data is revised upward later, it may boost market confidence and push risk asset prices up, and SOL may also take this opportunity to attempt to break through the upper pressure level.
However, if the data fails to meet expectations, market risk aversion may increase, and SOL may face downward pressure, approaching support levels. Qingyao's view: In my opinion, SOL's current trend is at a critical juncture.
From a technical indicator and pattern perspective, there is a possibility of testing the pressure level upwards in the short term, but whether it can successfully break through depends on market sentiment and funding. If it can effectively break through the pressure level of 213, SOL may start a rising trend and further challenge higher price levels. Conversely, if it is blocked again near the pressure level and falls below the key level of 206, then SOL may enter a period of adjustment, seeking support downwards.
Operational Strategy:
Short-term: If the price maintains support at 197 and breaks through the key level of 206, it is likely to test the pressure at 213; if it falls below 197, be cautious of a rapid drop to the liquidation zone at 194.
Mid-term: Attention should be paid to the macro data correction trends and BTC market correlation. If it breaks 213 and stabilizes, the next target could be 220; if it falls below 197, it may enter a range of 190–200. The cryptocurrency market is ever-changing, and the future trend of SOL is full of infinite possibilities.
Want to seize the opportunity in the market, gain more accurate analysis and timely strategies? Then quickly follow Qingyao, with daily updates so you won't get lost! Remember: in the crypto world, choice is more important than effort, and Qingyao is your 'choice navigation tool'! Follow Qingyao, and wealth will roll in!
