SOL Market Analysis: Following Market Fluctuations, Waiting for Trend Clarity
The recent trend of SOL has completely followed Bitcoin's fluctuations, lacking independent market movement. The daily candle has formed a bearish candle with upper and lower shadows, and the trading volume is basically the same as the previous day, indicating a cautious market sentiment. The current daily MA30 still shows a downward trend, suggesting that the recent rise is merely a rebound rather than a trend reversal. The MACD indicator continues to entangle below the zero axis, and has not given a clear directional signal.
From a technical perspective, SOL's short-term trend will still be dominated by Bitcoin. If Bitcoin continues to adjust, SOL may also test support levels; conversely, if Bitcoin stabilizes and rebounds, SOL will follow suit and rise. Investors can engage in short-term swing trading between key support and resistance levels, while gradually accumulating spot positions in the daily support area to prepare for potential market recovery.
Key Reference Levels
Resistance Levels: 156 → 165 → 177
Support Levels: 142 → 134 → 120 → 110
The overall market remains in a volatile pattern, making it difficult for SOL to show independent performance in the short term. It is recommended that investors remain patient, gradually build positions at key support levels, and wait for further clarity in market trends.
