Can SOL break through the key range at night? $253 becomes the line of life and death, short-term strategy looks here!

Currently, the real-time price of SOL is $253.33, and market sentiment is highly volatile, which may face severe fluctuations in the short term. As night trading progresses, SOL may fluctuate repeatedly between key support and resistance levels, providing frequent short-term trading opportunities. Next, we will deeply analyze the current trend of SOL and provide specific short-term contract trading strategies.

Market Overview

SOL is currently consolidating around $253.33, and the market may face strong technical adjustments in the short term. The price is close to the upper boundary of the range; if it breaks through the current technical resistance, it may trigger a surge; if it fails to break through, it may seek support near the support level. Short-term traders should closely monitor the breakout situation of key price levels.

Technical Analysis and Key Levels

Support Level: $250.00 Resistance Level: $258.00

The current price of SOL is around $253.33. After breaking through the key resistance level of $258.00, the price may welcome a surge, with the target potentially breaking above $265.00. If it fails to break through this resistance level and falls below the support level of $250.00, a significant correction may occur, even testing $245.00.

Short-term Contract Strategies

Long Strategy:

Entry Point: If the price breaks above $258.00, consider going long. Stop Loss: Set a stop loss around $253.00 to avoid losses from price pullbacks. Take Profit: Target price of $265.00; if it breaks above $258.00, SOL may welcome a larger increase.

Short Strategy:

Entry Point: If the price falls below $250.00, consider going short. Stop Loss: Set a stop loss at $253.00 to avoid rebound risks. Take Profit: Target price of $245.00; if it falls below the support level, SOL may continue to correct.

SOL is consolidating around $253.33, and the probability of breaking above $258.00 is high. It is expected that SOL may welcome a surge; after breaking $265.00, further targets may point to $270.00. If it cannot break above $258.00 and falls below the support level of $250.00, the price may further correct to $245.00. Therefore, short-term traders should focus on the breakout of $258.00 and the defense situation of the support level $250.00, maintaining a flexible trading strategy.