Solana (SOL) is currently at a critical Technical Analysis position. The historical high of $185 and today's touch of $183 form a clear resistance range, which may limit the pump space in the short term.



From a technical analysis perspective, the momentum of the MACD red bars seems to be weakening, which may indicate that the pump momentum could slow down. However, investors still need to closely monitor the support levels formed by the 144-day and 169-day moving averages.

If SOL cannot hold the key level of $175, we may see further declines. Currently, SOL is fluctuating in the range of $181-$183, and if a breakout decline occurs, $170 and $155 may become the next important price targets.

For traders, it is crucial to develop an appropriate stop-loss strategy based on their own risk tolerance and portfolio allocation. In this volatile market, it is wise to stay vigilant and be ready to adjust strategies at any time.

It is worth noting that the cryptocurrency market is ever-changing and influenced by a variety of complex factors. In addition to Technical Analysis, investors should also pay attention to the macroeconomic environment, regulatory trends, and the development of the Solana ecosystem, among other factors, to comprehensively assess investment risks and opportunities.
SOL0.31%
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AirdropHunterZhangvip
· 40m ago
A day of Be Played for Suckers with pancakes has begun again.
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FloorSweepervip
· 07-20 15:37
pump and sell with bearish market to watch the show
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GateUser-9ad11037vip
· 07-20 15:25
Bearish now, brothers.
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0xTherapistvip
· 07-20 15:22
Hurry up and make a move.
View OriginalReply0
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