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Recently, the SOL futures (SOLUSDT) market has shown a robust long positions trend. Although the pace is slightly slow, the movement is quite orderly. On the daily chart, after the price reached the high point of 184, it formed a significant Candlestick pattern, followed by a quick small pullback.
Currently, SOL has returned to the vicinity of its previous important high points. With the strong performance of Ethereum, SOL is also expected to continue its upward trend, gradually digesting selling pressure, and is likely to break through again with increased volume. However, investors should remain vigilant when chasing prices at high levels and pay attention to changes in trading volume.
SOL has successfully broken through 177 USD and is currently pullback testing this support level. If it can stabilize at this position, it is expected to continue to rebound upwards. However, if the pullback is too large and it falls below the 177 USD support, attention should be paid to the next support level at 174 USD.
In terms of the resistance levels above, investors should focus on the key levels of 188.6, 191.6, and 194.5 USD. The support levels below are mainly concentrated around 178.2, 174.2, and 171 USD.
It is worth noting that the cryptocurrency market is highly volatile, and investors should always remain vigilant and manage risks properly. At the same time, it is important to closely monitor the overall market sentiment and the trends of other major cryptocurrencies, as they may influence the price direction of SOL.