Recently, the price movement of SOL has attracted market attention. Last week, we saw 252 become a clear resistance level. Subsequently, a anticipated rebound occurred near 235, but ultimately fell back at 242. Such a trend exhibited quite a high level of accuracy, making one look forward to future movements even more.


Currently, what we need to closely follow is the secondary support level at 223. If this level is breached, then 209 will become the next key observation point, which also corresponds to the 1.272 Fibonacci retracement level. However, before considering lower levels, we first want to see a strong rebound in the range of 234 to 235. If this rebound does not materialize, then we may need to shift our focus to the lower area around 210 for further judgment.
Overall, the current strategy recommendation is to consider entering a long position at the resistance levels of 223 and 209. These levels not only have technical support but also provide investors with relatively safe entry opportunities. Of course, the market is ever-changing, and investors need to conduct a comprehensive analysis by considering other factors when making decisions.
SOL-1.08%
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