SOL Trend Analysis

Market Status

The current price of SOL is $197, with a 24-hour increase of 15.4%. After breaking through the key psychological level of $200, it maintains a strong position. Market focus shifts to whether it can break through $206.32 (July peak). The technical indicators show strong short-term momentum, but caution is needed regarding whale sell-offs and macroeconomic data disruptions.

Key Support and Resistance

-Support Level: $195.26 (dynamic support on the hourly chart). If it falls below this level, it may decline to the range of $187.71-$184.67.

-Resistance Level: $206.32 (recent high). If broken, the target is $210-$222.

Market Sentiment

-Bullish Factors: Expectations for the Alpenglow upgrade (to be implemented in Q4) driving TPS to 10,000, institutional accumulation (such as BitMine) and increased ETF speculation.

-Risk Warning: A whale address recently transferred 226,000 SOL to exchanges, and Alameda Research unlocked a $35 million position, necessitating caution regarding short-term selling pressure.

Operation Suggestions

-If it holds above $200, consider building a position in batches, targeting the $206-$210 range.

-If it falls below the $195 support, it may pull back to the $180-$185 area, waiting for a lower entry point.