$SOL

Trend Analysis: Can the Low-Level Rebound be Sustained?

Market Overview

The current price of SOL is $197.19, with a 24-hour high of $201.85 and a low of $195.00, and a trading volume of $394 million. After a rebound from the low, the price has re-established itself above the MA7 and MA99 moving averages, but the MA25 moving average still restricts the upward space. The MACD bearish bars have shortened, and the short-term bullish and bearish forces are tending towards balance.

Key Level Analysis

• Support Levels: $190.00, $175.00, $160.00

• Resistance Levels: $200.00, $215.00, $230.00

Trading Suggestions

• Long Position Strategy: Build long positions in batches around $190.00, with target levels at $200.00 and $215.00, and a stop-loss set below $185.00.

• Short Position Strategy: If the price rebounds to $200.00 or $215.00 and fails to break through, consider setting up short positions, targeting $190.00 and $175.00, with a stop-loss at $220.00.

Trend Prediction

In the short term, SOL may oscillate in the range of $190.00 to $200.00. If it breaks through $200.00, it may further test the resistance level at $215.00; however, if it falls below $190.00, the price may test the $175.00 low again.

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