SOL market analysis🚩

The SOL daily line experienced significant fluctuations yesterday, falling from a high of 221 to a low of 203, and finally closed near 213. Currently, MA60 forms a key support, and you can consider looking for opportunities to do long positions near here. At the same time, the MA7 moving average has become the main resistance to the upward trend.

On the four-hour chart, MA360 provides downward support and is also the reference point for long orders to intervene; while MA14 is the upper pressure level. Once it breaks through, it is expected to touch MA200. It is worth noting that the MACD indicator shows that the strength of the bears is weakening and there is a tendency to form a golden cross. It is recommended to buy in the range of 208.1 to 201.88, and the expected rebound target is the range of 220 to 230