SOL breaks through $225, a dramatic surge or crash is about to unfold!

Tonight's movement of SOL is full of drama! The real-time price is $225.75, with significant price fluctuations, dropping from a high of $238.20 to $223.09 in just a few hours, currently showing slight oscillation. Is this wave a signal of a bottom rebound or a prelude to a bear market? Everything is at a critical point.

Technical Analysis:

The current support level for SOL is around $223, while the resistance level is around $238. The market is currently showing a certain oscillation pattern, with prices neither breaking the high nor dropping below the low, forming a clear range oscillation. The current price is very close to the low of $223; if the support level holds, SOL may experience a strong rebound, break through the current resistance level of $238, and even challenge the $250 mark.

Short-term Strategy:

Long Strategy: If the SOL price breaks through $238, touches and stabilizes at that level, then a long position can be attempted, targeting the $250 to $255 range. A stop-loss is recommended to be set below $233 to avoid excessive risk. Short Strategy: If the SOL price fails to break through $238 and drops below the $223 support level, then a bearish trend may begin to form, at which point a short position can be considered, targeting the $215 to $210 range, with the stop-loss point set above $238.

Bold Prediction:

SOL is at a critical juncture; once it chooses to break through, a fierce rise will follow, but if it loses the support level, a sharp crash may occur. Market sentiment is ever-changing; today’s surge or crash could very well determine the direction of SOL's market in the coming period. The battle between bulls and bears has reached a fever pitch, and the next movement is full of infinite possibilities.

In the short term, if it breaks through $238, SOL is expected to continue rising, and breaking through the $250 mark will no longer be far off. Conversely, if the price drops below $223, the subsequent downward space will become more dangerous, and it may even challenge the $200 mark.