Midnight Outlook SOL

1. Key Resistance and Support Levels

1. Resistance Levels*

- $185: The nearest resistance level; if broken, it may trigger short-term bullish sentiment, targeting the $190-$200 range.

- $190-$200: If $185 is broken, technical patterns (such as a symmetrical triangle breakout) may drive the price to further test the psychological level of $200.

2. Support Levels

- $178-$180: Short-term support range; if the price retraces, watch for buying strength in this area.

- $172-$174: If it breaks below $178, it may further drop to around $172, corresponding to Fibonacci retracement levels and trendline support.

Market Forecast

1. Bullish Scenario

- If the price holds above $180 and breaks the $185 resistance, it may quickly test $190, even challenging the psychological level of $200.

2. Bearish Scenario

- If it fails to break $185 and falls below $178 support, it may retrace to the $172-$174 range, or even test the strong support at $160.

Trading Suggestions

- Bullish Strategy: Accumulate positions in batches after breaking $185, targeting $190-$200, with a stop loss set below $178.

- Bearish Strategy: If it breaks below $178, consider small short positions, targeting $172, with a stop loss set above $182.

Summary

In the short term, the SOL price is at a critical turning point; breaking $185 may initiate a new round of increases, but be wary of technical overbought conditions and external selling pressure risks. It is recommended to adjust strategies flexibly based on real-time trading volume and market news.