$SOL
🔥🔥SOL market observation: previous high not broken, callback appears
Current situation analysis: SOL encountered resistance when trying to break through the previous high recently, failed to successfully stand on the new high, and then followed the overall market trend into the callback stage.
Fund dynamics: In yesterday's market, a large sell order of up to 100 million US dollars was particularly eye-catching, which is undoubtedly one of the key factors driving the price of SOL downward.
Technical support: Under the current situation, the technical side shows that SOL has a relatively solid support band in the 173-169 range. Whether this area can be effectively defended will directly affect the strength of SOL's subsequent trend.
Strategy Outlook: If SOL unfortunately falls below this support band, it may indicate that it will return to the downward channel. However, for investors who are optimistic about SOL in the long term, this may be a good opportunity to layout at a lower price. Therefore, it is recommended to wait patiently until SOL pulls back to a suitable buying range before operating.
