$SOL

SOL Price Analysis

If the price continues to rise and breaks through the 50-day moving average, SOL may experience a larger increase, targeting up to $234!

Trading Tip: After breaking through $220, you can enter long positions with light leverage, and it's recommended to set the stop-loss at $215, with a target for taking profit in the range of $230-$234.

Key Support: 20-day moving average + upward trend line

If the price experiences a pullback, you can focus on the area between the 20-day moving average and the upward trend line. This is the last line of defense for the bulls.

Downside Risk: If the price breaks below the upward trend line and stays below, bears will regain control.

SOL is currently in a tug-of-war between the bull counterattack and bear defense. Whether the bulls can break through the 50-day moving average ($220) will be key!

Upward Direction: Go long after breaking through $220.

This wave of market conditions just requires patience for the breakout; stay steady, the opportunity is coming soon!