$SOL The recent trend is a bit subtle, especially the risk in the downside direction deserves our high attention! Next, focus on the 20-day moving average ($228), which is the key support level at the moment.
If the SOL price really breaks below and closes below the 20-day moving average, it may mean that the bulls can no longer hold on and directly "surrender". At that time, brothers, you have to pay attention - the price is likely to further test the 50-day moving average ($211). In other words, the "conservative party" may have to consider locking positions and waiting.
Of course, the market is not one-sided. If the bulls can hold the 20-day moving average and hold the situation, SOL may still have a chance of survival. Brothers, patience is gold at this time, don't rush to get off or get on the bus, observe the market sentiment before taking action.
Key support point: 20-day moving average ($228), must be stable!
Risk point: Once the 20-day moving average is broken, the price may fall to the 50-day moving average ($211).
In short, the SOL price is now at a critical moment of decision, and keeping an eye on the 20-day moving average is the next guide to action. Brothers, keep your mind steady and continue to observe!
