SOL's current trend is similar to ETH, in a consolidation phase but relatively strong, and the overall structure has not fully turned bearish. The price has recently fluctuated between approximately 130 and 160, with both bulls and bears continuously tugging, but it can be seen that the buying support below remains relatively stable, indicating that funds are still being deployed.



From a structural perspective, there was a rebound after a pullback earlier, and the rebound strength is slightly stronger than ETH, indicating that market sentiment toward SOL is relatively positive. However, the resistance zone around 155 to 160 remains obvious, with multiple tests failing to break through effectively, showing a lack of short-term buying enthusiasm; if it can hold above 160 with volume, there is a chance for further extension of the rally toward higher levels.

Support below focuses on 135 to 130; if broken, the structure will weaken, possibly retesting 120 or even lower areas. Overall, it is still a typical range-bound pattern and has not formed a clear trend.

In terms of trading strategy, a range-bound mindset is more suitable: near 130 to 135, watch for support rebound opportunities, while approaching 155 to 160, be cautious of resistance and pullback risks. If the price effectively breaks above the upper boundary of the range, follow the trend; conversely, if it breaks below support, adopt a more conservative or bearish outlook.
SOL-0.16%
ETH1.23%
View Original
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.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin