$SOL : Will Trump's coming to power bring benefits to the crypto market? SOL is worth a try!

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If you are optimistic about the policy benefits that Trump's coming to power may bring, you might as well pay attention to the spot layout of $SOL . As one of the cryptocurrencies with the greatest potential to challenge ETH's status, even if SOL cannot surpass ETH, it has the opportunity to share the same status with it and become an important pole in the market.

Technical analysis: daily line pattern and key position analysis

1. Arc top and callback support level

The daily level shows that SOL has formed an arc top pattern. The specific extension position of the arc bottom needs to be further confirmed in combination with other technical indicators. Fibonacci retracement analysis: The 1:1 retracement target is around $173. If this position cannot stabilize, it may further drop to the 1.618 retracement position, which is about $135. If this level is touched, it will mark the end of the current rebound, and SOL may enter a long period of consolidation.

2. Wave theory and short-term trend

According to the wave theory, SOL has completed the five-wave structure of the rise and is undergoing a three-wave correction. This is the natural cycle of the market, and all currencies cycle around the five waves of the rise and the three waves of the correction.

3. Key points at the daily and hourly levels

Hourly level target: SOL needs to break through and stand firm at $188 before it can further rise to $195, $202 and $211. If it fails to break through, the rebound at this stage is still accumulating momentum for subsequent declines. Daily level support: $175 is the key support level of the daily line. If the entity falls below and closes below this level, SOL will test lower positions, including $163, $152 and $133.

The current adjustment of $SOL has not broken the long-term upward trend. As long as the overall market trend remains bullish, SOL is still expected to resume its upward trend after completing the phased correction. Whether you are planning to buy spot or wait and see, strict position management and control of key positions are the keys to success.

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