The daily line is a bearish candle with upper and lower shadows, and the trading volume is more than double that of the previous day, indicating a fluctuating downward trend.
The daily MA30 line maintains an upward trend, and the MACD shows increasing bearish momentum above the zero line, returning towards the zero line.
The price has dropped and pierced the daily MA30 line, forming a rebound after finding support. Currently, the rebound momentum is not strong, and there will be some fluctuations for a few days. Once the MACD approaches the zero line, it will coincide with the completion of the consolidation, leading to another daily level rebound.
It is important to note that if Bitcoin drops, then SOL will definitely drop as well. If the price falls to the 206-210 area, it could be a good opportunity to enter and catch a significant rebound.
Daily level resistance levels are 238-247.3-270-283-300-315, and support levels are 218.5-206-185.3.
From the hourly perspective, it is currently showing a 1-day line rebound within the 1-day MA30 line rebound and a 30-minute pullback trend.
In the short term, one can go long at 220 and 210, and go short at 230 and 239.
From the clearing heat map over the past three days,
The price is moving upwards, with a large number of significant short positions waiting to be cleared in the 230.4-237.4 and 239.6-246.4 areas.
The price is moving downwards, with a large number of significant long positions waiting to be cleared in the 219.8-215.6 area.
