As the market oscillation cycle ended, the price of $SOL fluctuated between $120 and $160 in the past three months. Recently, SOL has seen a breakout on the daily chart, successfully crossing the resistance zone of $160 to $163. This breakout opens up new upside for SOL, and if it can sustain above this level, SOL may further challenge the highs of $189 or even $210. In the process, $175 may become another resistance level to watch.

Currently, SOL has established an initial support area around $160. If the price can stabilize above this level, the bullish sentiment in the market may continue. However, if the price of SOL falls below the $160 support level, then stop-loss orders may be triggered, causing the price to fall further to $150 or lower. Therefore, investors should pay close attention to the support zone of $160 to $163 and formulate trading strategies based on this.

In the current market environment, investors should remain cautious and not be affected by the extreme sentiment of the market, whether it is bearish to zero or bullish to $500 to $1000 predictions. Before the price of SOL falls back to $160, investors are advised to pay attention to the price range of $160 to $185 and make reasonable investment decisions accordingly. At the same time, attention should be paid to the support area of ​​$163 to $160 and the resistance area of ​​$180 to $185 to better grasp the market dynamics.