#SOL

SOL Market Trend Analysis 20250520
The hourly trend is also moving in sync with Bitcoin, without forming its own independent trend.
The daily candlestick is a bearish candle with a long lower shadow, and the trading volume is slightly higher than the previous day, but it is basically flat.
After the daily line retraced to the MA120 line, it formed a rebound. The next point is the support of the daily MA30 line. Currently, the decline is fast, and the rebound is also quick, with significant volatility. The daily level is still in a downward trend of fluctuations, and there is no明显的继续上涨势头.
The daily MA30 line maintains an upward trend, and the MACD shows an increasing downward momentum not far above the zero axis, indicating that the adjustment at the daily level will continue.
The best scenario is to continue fluctuating downwards, returning to the daily EMA 52 support line (153.6), and then waiting for the MACD to revert near the zero axis before continuing to rebound and rise.
Daily resistance levels 177-186-196-220-244, support levels 158-154-142-124.

From the liquidation heatmap of SOL, it can be seen that
The price has risen, with a large number of big short positions waiting to be liquidated in the 169.6-178.8 range.
The price has dropped, and there are a large number of significant long positions waiting to be liquidated in the 163.2-154.8 range.