#SOL

Currently, the price of Solana (SOL) is hovering around $190, and there is a very high possibility that it is entering a temporary adjustment phase from the previous rise.

Looking at the past price movements, it can be seen that the price has been fluctuating up and down in a certain pattern, and currently, the price is converging between short-term support and resistance lines.

From this movement, it is clear that the adjustment phase continues.

On the other hand, from a medium-term perspective, the high of $264.53 is being recognized as an important resistance line, and whether it can break through this level is considered a key factor in determining the future market trend.

If this line is crossed, the medium-term uptrend will strengthen further, and the price may aim for around $300.

In particular, after going through the current adjustment phase, it is assumed that a large upward wave will occur, and a transition to a bullish trend is expected.

However, we cannot overlook the risk of deeper adjustments than expected.

If the current price range falls below, the 170-155 dollar range may be considered as the next support line, and there may be further downward pressure.

Therefore, thorough risk management is required.

In view of this situation, it is important to enter cautiously at the moment.

It would be appropriate to build a position after confirming the rebound on the short-term support line and the movement when breaking the resistance line.

Even though the adjustment phase continues, strategic judgment is required as the upward trend is expected in the medium term.