财经少华
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SOL is currently stronger for two reasons than before setting a historical high
SOL is consolidating below $200, with less upward pressure. The reset of open interest and the cooling of indicators suggest that the price will show a healthier upward trend, with the potential for sustained increases.
As the price movement tightens near key breakout zones, and on-chain data shows less pressure above $200, we are ready to welcome potential catalysts for a new ATH.
Worse still, open interest recently surged to a year-to-date high of $12.01 billion, followed by a slight pullback—this is an encouraging phenomenon of excessive leverage.
This is a reset that may indicate the clearing of excessive leverage and a healthier foundation for the next wave of increases.
Once SOL breaks through $200, it will face almost no pressure—this level is now both psychologically and structurally significant. A thorough breakout above $200 could become a springboard for SOL to reclaim or even surpass its previous historical highs.
SOL's daily chart shows a healthy pause after the recent breakout, with prices consolidating in the range of $185 to $188. The MACD line remains above the signal... and the gap is narrowing.
Trading volume has decreased, but this is common after a significant rise. Unless SOL falls below $180, the bullish structure will remain intact—especially if overall market sentiment shifts back to risk appetite.
#SOL
SOL is consolidating below $200, with less upward pressure. The reset of open interest and the cooling of indicators suggest that the price will show a healthier upward trend, with the potential for sustained increases.
As the price movement tightens near key breakout zones, and on-chain data shows less pressure above $200, we are ready to welcome potential catalysts for a new ATH.
Worse still, open interest recently surged to a year-to-date high of $12.01 billion, followed by a slight pullback—this is an encouraging phenomenon of excessive leverage.
This is a reset that may indicate the clearing of excessive leverage and a healthier foundation for the next wave of increases.
Once SOL breaks through $200, it will face almost no pressure—this level is now both psychologically and structurally significant. A thorough breakout above $200 could become a springboard for SOL to reclaim or even surpass its previous historical highs.
SOL's daily chart shows a healthy pause after the recent breakout, with prices consolidating in the range of $185 to $188. The MACD line remains above the signal... and the gap is narrowing.
Trading volume has decreased, but this is common after a significant rise. Unless SOL falls below $180, the bullish structure will remain intact—especially if overall market sentiment shifts back to risk appetite.
#SOL
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SOL
165.53
+2.17%