SOL market analysis, July 11.

Since SOL adjusted to 145, I have firmly encouraged a bullish outlook, not just because of the possible movement in SOL's spot price. I've been calling for a bullish trend for a week now, tracing back to early July.

You might think, SOL is really garbage; Bitcoin has reached new highs, and SOL hasn't even broken 160.

As a supporter of SOL, I have also doubted myself at times, but after observing for so long, how can I give up easily? I’ve advised my friends to go long on ETH and BTC, and they are making significant profits, while SOL remains stagnant.

Let’s do a simple analysis: currently, the weekly K-line for SOL is facing resistance at 160, having tested this level twice after rising from 125.

At the same time, the 159-160 position is also the pressure level for the 2-day line and the daily line at 144, where selling pressure is heavy. It's normal that it can't break through, but we’ve started to see that the price is slowly grinding upwards. Once the price breaks 160, it will definitely lead to a nice increase in volume, and a major bullish trend is about to form.

Let’s look forward to it together!!!