Currently, the price movement of SOL is at a critical technical range. According to the latest analysis, we can observe the following important price points:



The main support levels are located at 196.5, 193, and 189 USD. These price levels may provide some support when the price declines.

On the other hand, $214 is seen as the current main resistance level. This level may hinder further price movement in the short term.

It is worth noting that the current price is at the intersection of the trend line and horizontal resistance level, forming a double resistance zone. This technical pattern usually indicates a potential significant price movement.

For trading strategies, it is recommended that investors pay attention to the price structure in smaller time frames. In particular, be on the lookout for potential reversal patterns such as double tops or head and shoulders. These patterns may provide better entry opportunities while also helping to set more precise stop-loss levels.

Overall, in the current market environment, it is crucial to remain vigilant and patient. Waiting for clear technical signals to emerge before making trading decisions may be a more prudent approach.
SOL-2.53%
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CryptoDouble-O-Sevenvip
· 19h ago
Another rise, feels great to watch.
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IfIWereOnChainvip
· 19h ago
Still analyzing this trap? Just finish it!
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DaoDevelopervip
· 19h ago
analyzing sol's key levels... resistances look technically solid af based on my backtesting data
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MeaninglessApevip
· 19h ago
sol has been lying in ambush for a long time.
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HashBanditvip
· 19h ago
reminds me of mining sol back when my electricity bills were cheaper than my profits... good times tbh
Reply0
SandwichTradervip
· 19h ago
I gotta go, can't look at anything.
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