On Monday, Solana(SOL) showed a typical fluctuating trend. The previously anticipated resistance level of $206 indeed played its role, and the price failed to break through that threshold, subsequently stabilizing around $196. This trend is quite clear, providing an ideal profit margin of over $10 for a high-position shorting strategy.

From the hourly perspective, the SOL price is currently hovering around $200. The short-term moving averages show a death cross pattern, putting pressure on the price. The middle band of the Bollinger Bands continues to decline, and the overall trend remains weak. Although a temporary support has formed in the $196-$197 range, there is significant resistance in the $202-$203 area.

In the short term, SOL is likely to fluctuate within the range of $197-$203. If it can effectively break through $203 and stabilize, it is expected to gradually repair its trend and make another attempt to reach $206. However, if the rebound is weak and it falls below the support at $196, it may open up greater downside potential, possibly testing the $190-$188 area.

Currently, market participants should closely monitor the gains and losses at the $200 integer level. This price level is not only psychologically significant but may also become a key point for determining short-term trends. Investors need to remain vigilant and adjust their strategies in a timely manner based on price breakouts or pullbacks. At the same time, attention should also be paid to the broader cryptocurrency market trends and macroeconomic factors, as these may all impact the SOL price.