The K-line chart shows that SOL has recently shown a steady upward trend, but formed a temporary high near 264.64, and then entered a high-level sideways consolidation. Short-term moving averages (such as the 5-day and 10-day moving averages) show signs of convergence, reflecting the intensifying short-term battle between bulls and bears, while the medium to long-term trend remains upward, indicating that the market is still generally bullish.

Recent K-line trend:

  1. Breakthrough continuation: After multiple attempts to stabilize above the 260 level, an effective breakthrough has not been formed in the short term, indicating strong pressure at this level.

  2. Support retest: The lower support area is concentrated in the 250-255 range, where bulls have significant buying power.

Combining yesterday's market rhythm and capital flow data, it is expected that SOL will continue to consolidate today, but the probability of an upward breakout is high, so attention should be paid to changes in trading volume and the response of key support and resistance levels.

2. Today's SOL operation suggestions

Based on technical analysis, the following key points and operational suggestions are set:

First support level: 255 USDT

  • If the price pulls back to around the 255 level and the trading volume increases, it is recommended to gradually build long positions.

Second support level: 250 USDT

  • If the price breaks below the 255 level and reaches the 250 support area, be cautious and observe the buying response; if it does not break, you can continue to try to buy at a low.

Stop loss level: 245 USDT

  • If the price breaks below 245, it indicates that the short-term upward trend is broken, and you need to stop loss and exit in a timely manner.

Upper pressure level: 265-270 USDT

  • If the price breaks through the previous high of 264.64, it will open up space above, targeting the 270 level, but close attention needs to be paid to the matching trading volume.

Volatility range forecast: Today's price is expected to fluctuate between 250-265 USDT, with a low probability of breaking through the 270 level.

3. More technical indicators reference

Moving average system:

  • Short-term moving averages (such as 5-day, 10-day) are about to golden cross, and if confirmed to diverge upwards, it will further enhance the upward expectation.

  • Medium to long-term moving averages (30-day) are steadily moving upwards, providing support to the trend.

Bollinger Bands (BOLL):

  • The current price is operating at the upper Bollinger Band, and the opening of the band is gradually widening, indicating the possibility of accelerated upward movement in the short term.

Trading volume:

  • Yesterday's trading volume was relatively stable, and if today it breaks through the 265 level, we need to observe whether the volume increases, otherwise it is easy to fall back.

RSI indicator:

  • The RSI is currently in the 65-70 range, slightly overbought, but has not yet reached extreme levels, indicating that there is still upward space.

4. Summary of today's operational strategy

Bullish operational approach:

  1. If the SOL price pulls back to 255 USDT and the trading volume increases, gradually build long positions, with the stop loss set at 245 USDT.

  2. If it breaks through 265 USDT, it needs to confirm volume support, targeting 270 USDT, but beware of rapid spikes followed by pullbacks.

  3. If the price breaks below 250 USDT, bearish sentiment may strengthen; observe and wait for better opportunities in the short term.

Risk warning: The current market is fiercely contested between bulls and bears, it is recommended to operate with light positions and strictly execute the stop loss plan.

SOL is currently in a high-level consolidation phase, and the technical indicators still lean bullish. It is recommended to use 255 as the support base and watch for a breakout at 265. If it breaks out with increased volume, it may open up greater upward potential.

Clear direction, stable operation, timely tracking of trading volume and key support changes will be the key to today's profit.
Market changes unpredictably, opportunities slip away quickly. Closely monitor every subtle change to seize your own opportunities, so you can remain undefeated amidst market fluctuations. Today, are you ready? Let's look forward to the exciting performance of the market!

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