SOL Today's Market Update: Key Level at 166, A Battle Between Bulls and Bears Tonight!

Markets are born in despair and rise in hesitation — SOL is currently stuck at the key level of 166. Will tonight see a rebound or continue to test the lows?

Market Overview:​​

The 1-hour K-line shows that SOL is oscillating in the range of 166-170, with 166 being the short-term lifeline. Holding above this level may lead to a rebound, while breaking below could test 160.

MACD green bars are shortening, indicating that bears are weakening but bulls have yet to gain momentum. The market sentiment remains cautious.

​News:​​

At 20:30 tonight, US non-farm payroll data will be released, which may affect BTC's movement and subsequently impact SOL's volatility. The trading volume of NFTs in the Solana ecosystem has decreased by 12%, indicating a short-term lack of hotspots, but the long-term fundamentals remain strong.

If 166 holds, a rebound is expected; if 166 is lost, adjustments will continue! Will you choose to wait and see tonight or take action? Let's discuss your thoughts in the comments section!~

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