The recent trend of SOL is very close to that of Ethereum. Last night, it also experienced a quick surge, once again approaching the 200 USD round number. However, this position clearly has pressure and was unable to remain stable, followed by a pullback on an hourly basis.
As long as it cannot effectively break through and stabilize at 200 USD, the price will continue to oscillate or even pull back. Only by truly stabilizing at this key position can the upper space potentially be opened. In the short term, SOL is likely to follow the rhythm of Ethereum.
This rebound mainly confirms the pullback to the daily EMA52 line, but it is important to note that this position is no longer effective support. Stronger support is actually near the daily MA120 line, and if the price returns there, it may actually be a good opportunity to enter.
Regarding resistance levels, key positions to focus on include 203, 213, 237, and 250 USD. As for support levels, pay attention to 177, 165, 156, 145, and 136 USD in sequence.
