Based on the recent market performance of Solana (SOL), the short-term shows a positive rising trend. On the technical side, the one-hour chart displays multiple indicators releasing bullish signals. The moving averages are in a long positions arrangement, the MACD indicator remains in the positive range, and the DIF line continues to rise, all indicating that the current bullish strength is strengthening.



However, investors also need to be aware that the RSI indicator is approaching the overbought zone, which may suggest a risk of a pullback in the short term. Therefore, under the current market conditions, it is recommended that investors consider positioning themselves to buy on dips, while also remaining vigilant and setting reasonable stop-loss levels.

For specific trading strategies, you can pay attention to the support levels around $185 and $186.8 as potential entry points. If these levels are broken, subsequent resistance levels to look at could be $188, $190, or even $193.

It is worth noting that the cryptocurrency market is highly volatile, and investors should thoroughly assess risks before making any decisions, taking into account their own investment goals and risk tolerance. In addition, market conditions change rapidly, and timely adjustments to strategies are also key to successful investing.
SOL-2.1%
View Original
post-image
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.
  • Reward
  • 7
  • Repost
  • Share
Comment
0/400
OnchainDetectiveBingvip
· 12h ago
It's not a loss to be on top.
View OriginalReply0
Frontrunnervip
· 12h ago
This wave is soaring to the sky
View OriginalReply0
GasFeeVictimvip
· 12h ago
I will finish the last meal card right away.
View OriginalReply0
SelfRuggervip
· 12h ago
A shuttle, just do it and it's done.
View OriginalReply0
StealthMoonvip
· 12h ago
Whether you earn or not depends entirely on fate.
View OriginalReply0
All-InQueenvip
· 12h ago
Hedging has started, let's go!
View OriginalReply0
GateUser-e87b21eevip
· 12h ago
Who went all in on SOL today?
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)