The hourly trend is still in sync with Bitcoin, fluctuating downward during the day. The U.S. stock market rose before the market opened, but was smashed after the opening. In the early morning, the price began to rise again due to the news that SOL's ETF was about to be approved.
The daily line is a bullish line with a long lower shadow. The current daily line is a five-day positive trend. The trading volume is slightly more than the previous day and basically remains consistent. The price is still below the daily MA30 line. MACD shows a golden cross pattern near the zero axis. Therefore, the daily level will continue to rise, and the target will be the 177-187 area.
The overall trend will still be affected by Bitcoin. If Bitcoin falls back, SOL will definitely follow.
Daily level pressure level is 177-188-196, support level is 161-154-140
From the SOL liquidation heat map data, we can see
The price is rising, and there are a lot of large short orders waiting to be liquidated in the 165.6-167.6 area and the 168.6-170.6 area.
The price fell, and there were a large number of large long orders waiting to be liquidated in the 162.6-157 area, and a large number of large and super large long orders waiting to be liquidated in the 156-144 area.
