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In the recent rise of the crypto assets market, Solana (SOL) seems to be relatively lagging. As one of the mainstream crypto assets, the price movement of SOL mainly follows the broader market, lacking independent upward momentum.
It is worth noting that SOL encountered significant resistance around 168 dollars, and both attempts to break through were unsuccessful, which to some extent reflects the market's cautious attitude towards its current valuation.
From a technical perspective, SOL's support level is between 162 and 158 USD. For investors optimistic about SOL's long-term development, this price range may provide a good entry opportunity. If SOL can stabilize and regain upward momentum, it may attempt to break through the price levels of 165, 168, or even 170 USD in the short term.
However, the performance of SOL has also raised some thoughts about its positioning in the current market cycle. As a highly regarded smart contract platform, whether Solana can demonstrate stronger independence and growth potential in the future remains a point of ongoing interest for market participants.