The trading price of $SOL /USDT is currently at $157.17. The market structure shows a certain upward trend, and in previous transactions, the $110 level has shown its strength as a bottom support. Recently, SOL/USDT encountered a pullback after breaking through $193.98, but found a rebound point near $110 and is currently in a rebound repair stage. We analyze this trend from the perspective of the daily chart.

In terms of structural analysis, a strong support area has been formed near $110, providing a solid bottom foundation for SOL/USDT. The short-term resistance is at $167.39. Once the price can break through this level, it is possible to continue to challenge the historical high of $193.98. In addition, the rebound trend of the short-term moving averages MA5 and MA10 shows that the upward momentum of the market is increasing.

Regarding the target price, if SOL/USDT can break through the resistance of $167.39, it may continue to challenge the historical high of $193.98. If the upward momentum of the market is strong enough, you can consider setting the target price at around $200.

In terms of the stop-loss strategy, it is recommended to consider partial stop-loss when the price approaches the historical high of $193.98 to avoid possible price corrections. For more conservative strategies, you can consider stop-loss in the range of $180-190. At the same time, it is recommended to set the stop-loss at $150. If the price falls below this level, SOL/USDT may further pull back to the support level of $136.59 or lower.

Although the current market shows positive signs, given the high volatility of the cryptocurrency market, prices can change rapidly. Therefore, investors should be cautious when making trading decisions and consider their personal risk tolerance.