### $SOL Updates ###
SOL is currently valued at $134.25, witnessing a 7.9% decline since yesterday and a 1.1% drop from last week. For SOL to maintain its bullish stance, it’s crucial for the price to stay above $128. Falling below this could lead to a potential decrease towards the $87 support level. However, if the price rebounds from the 200-day SMA, there’s a possibility for a 22% increase to $164, aligning with the symmetrical triangle’s upper trend line.
For trading, the 15-minute and 1-hour charts are useful for intraday decisions, while the 4-hour and daily charts are better for a longer-term view. Despite a 4% decrease in the overall crypto market cap to $2.29 trillion, SOL’s price has maintained its symmetrical triangle pattern, indicating resilience and a potential upward movement from the 200-day SMA support1
