After a quick drop from around 185 yesterday morning, it continued to rise in the afternoon, but the price did not break through new highs. After that, it has been fluctuating downwards and is currently hovering near the 4-hour MA30 line with narrow fluctuations.
This wave of increase is at the 12-hour level, and it has just returned to the 4-hour level. If Bitcoin continues to decline, SOL will definitely follow suit. A short-term long position can be taken when returning to the 4-hour EMA52 line, with the price currently around 168.8.
The daily level has closed with a bearish candle that has upper and lower shadows, and the body of the bearish candle engulfs half of the body of the previous bullish candle. The MACD shows a weakening upward momentum, indicating that further downward adjustments will continue.
The upward trend at the daily level has not yet ended. Price declines are all adjustments, providing you with opportunities to enter the market. The first strong support remains the daily MA120 line, with the price around 162.5.
Daily level resistance at 196-220-244, support at 163-154-142-124
From the liquidation heatmap data of SOL, it can be seen that
the price is rising, with a large number of significant and super significant short positions waiting for liquidation in the 178.4-189.6 range
the price is falling, with a large number of significant long positions waiting for liquidation in the 173-164 range
