Recently, the price of Solana (SOL) has rapidly surged, approaching a high of $211. However, this swift increase is accompanied by the emergence of upper shadows, indicating that selling pressure above is intensifying. Although the overall market still maintains a bullish sentiment, the momentum for continued upward movement seems to have begun to weaken.



From the short-term price chart, the K-line is operating near the upper Bollinger Band, showing signs of short-term overbought conditions. It is worth noting that during the price surge, the trading volume did not significantly increase, indicating limited willingness among investors to chase prices higher. If the price cannot quickly stabilize above $210, the risk of a pullback may gradually accumulate.

For trading strategies, one might consider cautiously attempting to short in the range of $208 to $210. An initial target could be set around $205, and if this level is breached, it may further decline to around $200. It is recommended to set the stop-loss at $213 to manage risk.

In the current market environment, investors need to remain vigilant and closely monitor price trends and changes in trading volume. Although adjustments may occur in the short term, the long-term development prospects of SOL still deserve attention. Investors should formulate suitable trading strategies based on their own risk tolerance and investment goals.
SOL-2.85%
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PessimisticOraclevip
· 08-25 07:47
sol reminds to shorting? Feeling down.
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LiquidationWizardvip
· 08-24 07:46
Reverse go long is a waste!!!
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CompoundPersonalityvip
· 08-24 07:45
It's bullish and that's it. Who cares about so much?
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failed_dev_successful_apevip
· 08-24 07:44
sol should be killed
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HappyToBeDumpedvip
· 08-24 07:35
Is SOL also going to drop? It's running away.
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