SOL market new dynamics: big shorts have been "eliminated", rising signals have appeared!

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Recently, the Solana (SOL) market has ushered in a wave of short liquidation, giving investors a potential rising signal. After the shorts were cleared, SOL is currently entering a new technical stage, and large funds are quietly laying out, which brings opportunities for investors. Next, let's analyze SOL's price trend and key operation suggestions.

SOL's next trend:

1. Buying opportunity:

Key support range: If the SOL price pulls back to $210 to $215, this price may form a strong support, which is a good time to enter the market. If the price retreats to this range and stops falling, it means that there may be another opportunity to rise.

2. Target price:

First target price: $230, after breaking through this point, SOL may usher in further gains.

Second target price: $245, this point may become an important resistance level. Breaking through this level, SOL may usher in accelerated growth.

The third target price: $260. Once it breaks through, it may mean that the price of SOL has started a new upward trend.

3. Stop loss point:

Stop loss suggestion: Set the stop loss at $205. If the price falls below this level, it means that the risk is relatively high and you should exit in time to avoid greater losses.

Key technical observations:

Trading volume:

In the range of $215 to $220, observe the changes in trading volume. If there are a large number of buyers, this will be a signal to confirm the strong upward momentum.

The impact of Bitcoin and Ethereum:

SOL has a close relationship with BTC and ETH, especially the trend of Bitcoin. If BTC rebounds to around $100,000, SOL may also follow the rise. The stability of the market has a positive impact on SOL.

Push back after breaking through:

After breaking through an important price range, SOL may experience a short pullback. Investors do not have to rush to enter the market. Wait for the price to confirm support before making operations, and avoid entering the market when the price fluctuates violently.

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