$SOL

Trend Analysis: Can the rebound at low levels continue?

Market Summary

Current SOL price is $197.19, 24-hour high $201.85, low $195.00, trading volume $394 million. After rebounding at low levels, the price has re-established itself above the MA7 and MA99 moving averages, but the MA25 moving average still restricts upward movement. The MACD bearish histogram is shortening, indicating a balance of short-term bullish and bearish forces.

Key Level Analysis

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

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

Operation Suggestions

• Long strategy: Build long positions in batches near $190.00, target at $200.00, $215.00, with a stop-loss set below $185.00.

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

Trend Prediction

In the short term, SOL may oscillate and consolidate between $190.00 and $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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