Compared to Bitcoin and Ethereum, the trend is somewhat weaker. The daily line shows a small bearish candle with upper and lower shadows, resembling a doji star, and the trading volume is about one-fifth less than the previous day, maintaining a normal trading volume.
The daily line shows a pattern of three consecutive bearish candles, with rebounds followed by declines, where the rebound highs are decreasing and the rebound strength is also diminishing. If Bitcoin continues to fall, then SOL will definitely follow suit.
The daily MA30 line is still in a downtrend, so any increase is just a rebound. The price is still fluctuating in a large range within the red box area, with the lower boundary around 120 and the upper boundary around 164. The midpoint is around 142.
Short-term swing operations can be done at the support and resistance levels on the daily chart, while at the support level on the daily chart, one can buy spot in batches to prepare for the upcoming rise during the bull tail.
Daily level resistance at 156-165-177, support at 142-134-120-110
From the liquidation heatmap of SOL, it can be seen that
the price is rising, with a large number of significant and very large short positions waiting for liquidation in the 148-163 range
the price is falling, with a large number of significant and very large long positions waiting for liquidation in the 143.2-139 range
