From the technical trend of SOL and its market correlation, it is highly likely that tomorrow will show a pattern of strong fluctuations, mainly oscillating within a range, making it difficult to have a clear one-sided market.
Currently, the SOL price is fixed at 169.59, just above the short-term moving average MA7 (167.94), and both MA7 and MA30 moving averages are diverging upwards, providing a solid short-term support that offers some upward buffer space for the price.
Looking back at the recent trend, SOL once surged to around 169 and then experienced a slight pullback. From the current pattern, the range of 160 to 175 constitutes a short-term resistance zone, while the support below is concentrated around 165 to 178, which is also the core area for the upcoming long-short game.
In terms of trading volume, there is a noticeable contraction compared to the previously active state during the surge, indicating that the current market has a small divergence between bulls and bears, with no clear camp opposition forming temporarily. However, it also reflects a lack of strong one-sided driving momentum, leading to a cooling of capital activity.
Although the moving average system still maintains a bullish arrangement, continuously providing support for price increases, the contraction in short-term trading volume has led to a decrease in capital activity, which to some extent limits the room for price increase and makes it difficult for SOL to quickly break through key resistance levels.
Overall, it is highly likely that SOL will oscillate within the range of 165 to 178 tomorrow. If the price can break through the short-term pressure level of 169, it is expected to further test the resistance at 178; on the contrary, if it carelessly loses the support level of 168, it may need to test the key support level around 186, and caution is required for short-term pullback risks. #美国ADP数据超预期
