$SOL Sol has been following the rhythm of BTC these days. Yesterday, there was a surge, but it did not break through the previous high and is still maintaining a sideways consolidation at the daily level.

On the 4-hour chart, the Bollinger Bands have flattened. The current range is between 170.6 and 179.7. Yesterday, it touched the upper band and then retraced, currently falling back to the middle band. From the recent trend, the support at the Bollinger middle band is limited, and the price usually needs to touch the lower band before stopping the decline.

Considering the current bullish trend on the daily chart, the price is showing an upward running pattern, and we should continue to maintain a bullish outlook.

It would be best to wait for the price to retrace to the 170-171 area to enter the market. The 26-day moving average is at 168, and I believe the extreme position should be around 168. The entry area can be expanded to 168-171, and the stop-loss position can be set around 165. Currently, we need to be patient and wait.