Solana (SOL) coin price has shown several market signals worth following today. Although SOL may have a rise trend in the short term, investors still need to remain rational and avoid blind investments.
First, the price of SOL shows strong support. Today, the price has repeatedly touched the high point of 202 USD, quickly rebounding whenever it falls back to around 194.7 USD, indicating solid support at this price level. Secondly, the buy order volume has surged by 30%, suggesting that funds are actively positioning themselves in preparation for a possible rise in the future.
For new investors, the following points can help in determining market reversal signals: 1. The support level has not been broken, indicating that the market bottom is still solid. 2. Multiple tests of the pressure level indicate that upward momentum is accumulating. 3. A sudden increase in trading volume often indicates that large funds are entering the market.
Based on the current market conditions, SOL may hit 205 dollars in the short term. However, it is not recommended to buy in large amounts all at once, but rather to adopt a strategy of buying in batches: - Buy 20% of the position at a lower point in the range of 194.7-196 USD. - If it pulls back to 196 USD, you can increase your position by 30%. - If it breaks through 203 USD, an additional 20% position can be added.
It is worth noting that a large number of buy orders appeared near $194.7, which may be a signal that the main capital is secretly accumulating chips.
Finally, investors are reminded: cryptocurrency trading is not a simple gamble, but an investment behavior that requires a deep understanding of the market. It is important to follow key price levels and changes in trading volume, avoiding chasing highs and cutting losses, in order to better protect one's investments.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Solana (SOL) coin price has shown several market signals worth following today. Although SOL may have a rise trend in the short term, investors still need to remain rational and avoid blind investments.
First, the price of SOL shows strong support. Today, the price has repeatedly touched the high point of 202 USD, quickly rebounding whenever it falls back to around 194.7 USD, indicating solid support at this price level. Secondly, the buy order volume has surged by 30%, suggesting that funds are actively positioning themselves in preparation for a possible rise in the future.
For new investors, the following points can help in determining market reversal signals:
1. The support level has not been broken, indicating that the market bottom is still solid.
2. Multiple tests of the pressure level indicate that upward momentum is accumulating.
3. A sudden increase in trading volume often indicates that large funds are entering the market.
Based on the current market conditions, SOL may hit 205 dollars in the short term. However, it is not recommended to buy in large amounts all at once, but rather to adopt a strategy of buying in batches:
- Buy 20% of the position at a lower point in the range of 194.7-196 USD.
- If it pulls back to 196 USD, you can increase your position by 30%.
- If it breaks through 203 USD, an additional 20% position can be added.
It is worth noting that a large number of buy orders appeared near $194.7, which may be a signal that the main capital is secretly accumulating chips.
Finally, investors are reminded: cryptocurrency trading is not a simple gamble, but an investment behavior that requires a deep understanding of the market. It is important to follow key price levels and changes in trading volume, avoiding chasing highs and cutting losses, in order to better protect one's investments.