SOL fell to the third support level and entered a bottom sideways trend. Today, we need to closely monitor the direction of the top and bottom of the sideways range.
Breaking above the sideways peak of 189 is what counts as starting an upward rebound, with upper resistance levels to pay attention to at 195, 199, and 202; if it falls below the sideways bottom of 185, it is very likely to continue to decline, with lower support levels to watch at 180, 176, and 173. The breakout or breakdown of the current sideways range is the key signal for judging SOL's short-term trend.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
SOL fell to the third support level and entered a bottom sideways trend. Today, we need to closely monitor the direction of the top and bottom of the sideways range.
Breaking above the sideways peak of 189 is what counts as starting an upward rebound, with upper resistance levels to pay attention to at 195, 199, and 202; if it falls below the sideways bottom of 185, it is very likely to continue to decline, with lower support levels to watch at 180, 176, and 173. The breakout or breakdown of the current sideways range is the key signal for judging SOL's short-term trend.