Solana (SOL) experienced a pullback after reaching the daily chart resistance level of 172 USD, failing to break through this key level. The current market focus is on the important support level of 166 USD on the four-hour chart. If the price can find support at this level, the long positions trend is expected to continue, with the next targets potentially challenging 173, 176, or even 182 USD. However, if the four-hour closing price falls below the 166 USD support, it may signal the end of the short-term rebound, and investors should monitor lower support levels at 162, 158, and 152 USD.



It is worth noting that the cryptocurrency market has recently shown an overall adjustment trend, which may have a certain impact on the movement of SOL. At the same time, the market is closely watching the direction of U.S. policies, especially the possible increase in tariff measures, which may have a ripple effect on global financial markets, including the cryptocurrency sector.

For SOL holders, the current market environment requires vigilance while also paying attention to potential opportunities. In the short term, the support level at 166 dollars will be a key point for judging the trend, and investors can adjust their trading strategies accordingly. In addition, it is important to closely monitor overall market sentiment and macroeconomic factors to assess the future trend of SOL more comprehensively.
SOL-6.21%
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HodlNerdvip
· 08-10 08:15
statistical patterns don't lie... sol forming perfect wyckoff accumulation at 166
Reply0
MemeTokenGeniusvip
· 08-08 13:38
Is Sola the old drunk jumping again?
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ponzi_poetvip
· 08-07 09:50
Just asking if anyone is still buying the dip at 166?
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quietly_stakingvip
· 08-07 09:50
Just HODL and that's it.
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ShibaSunglassesvip
· 08-07 09:39
SOL can't hold on any longer, right?
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ContractHuntervip
· 08-07 09:26
Weak trend, follow support
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GweiTooHighvip
· 08-07 09:22
166 Bearish, it's that simple.
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