$SOL

ADA
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178.06
-4.35%

SOL Price Analysis

The recent trend of SOL has been somewhat subtle, especially the risks in the downward direction deserve our high attention! Next, we must focus on the 20-day moving average (228 USD), which is the key support level at present.

If the SOL price really falls below and closes under the 20-day moving average, it may mean that the bulls can’t hold on any longer and will directly 'surrender'. By that time, folks, you need to be careful — the price is likely to further test the 50-day moving average (211 USD). In other words, the 'conservative party' may need to consider locking in their positions and observing.

Of course, the market is not one-sided. If the bulls can defend the 20-day moving average and maintain the situation, then SOL may still have a glimmer of hope. Folks, patience is golden at this time; don't rush to exit or enter, observe the market sentiment before taking action.

Key Support Level: 20-day moving average (228 USD), it must hold steady!

Risk Point: Once it falls below the 20-day moving average, the price may drop to the 50-day moving average (211 USD).

In short, the SOL price is at a critical decision-making moment now, keeping a close eye on the 20-day moving average is the action guide going forward. Folks, maintain your mindset and continue to observe!