SOL Trend Analysis: Key Defense at $151, Are We in a Major Uptrend or a Trap?
If you are still just watching the excitement, you may have missed the starting point of this major uptrend.
Currently, SOL is priced at $151, which is a critical position: it is both a resistance level after the previous support platform flipped and a zone of concentrated short-term chips. Once it breaks through effectively, it will open up space to look towards $160-$168.
Technical Analysis:
1️⃣ Structure: SOL has experienced a rebound from around $120, forming a classic pattern of 'box breakout + retest confirmation,' and is now back in a strong main uptrend channel.
2️⃣ Moving Average Support:
The MA20 and MA60 are about to form a golden cross, providing strong short-term support. The area around $151 includes previous high points of consolidation + retest validation, with bulls still holding the main control.
3️⃣ Volume Analysis:
Recently, volume has increased alongside the price rise, with a reduced volume retest, which is a healthy consolidation logic, as chips are concentrating among the strong.
4️⃣ Sentiment and Capital Flow:
Recently, the market's hot money rotation is evident, with ETH and SOL's correlation strengthening. SOL is expected to take the lead as a short-term pioneer among mainstream coins.
Operational Suggestions:
✅ Aggressive: If it pulls back to $151 without breaking, you can try to buy low, setting a stop loss below $147, targeting $155-$160, and looking at $168 after a breakout.
✅ Conservative: Wait for a clear volume increase and stability above $153 before following in, targeting $160+; if it drops below $148, observe temporarily without rushing in.
Note: SOL's trend is flexible; once the main force starts, it often surges quickly, with few chances for a pullback. Don’t hesitate too long when opportunities present themselves.
Markets favor the prepared; the opportunity with SOL is right in front of you. The key is whether you can understand it, hold onto it, and profit from it!
I have already completed my positioning. If you are still hesitating, why not ask me directly? I can guide you to steadily reap profits, avoiding being cannon fodder and becoming a harvester instead!
Want to know the next key level? Or want to enter and exit steadily? Come follow the Master!