The price movement of SOL Token is at a critical moment. $202 is an important technical level, and if it can stabilize above this level on the 1-hour time frame, it is likely to trigger a new pump. Investors should closely follow the resistance levels around $206, $209, and $213, as these levels may pose obstacles to the rise.
However, if SOL fails to break through the 202 dollar mark during nighttime trading, it may indicate that the current rebound has ended. In this case, market participants need to be wary of a potential further decline and follow the support levels around 197, 193, and 189 dollars.
The overall cryptocurrency market is currently showing a corrective trend, and the movement of SOL cannot be isolated from it. Nonetheless, recent reports indicate that funds have been continuously flowing in, driving the pump of SOL, which may bring positive effects on future price movement.
In this market environment, investors need to stay vigilant and closely follow market trends and changes in technical indicators. Whether bullish or bearish, a reasonable risk management strategy is crucial. At the same time, for long-term holders, market fluctuations may provide opportunities to adjust positions.
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.
The price movement of SOL Token is at a critical moment. $202 is an important technical level, and if it can stabilize above this level on the 1-hour time frame, it is likely to trigger a new pump. Investors should closely follow the resistance levels around $206, $209, and $213, as these levels may pose obstacles to the rise.
However, if SOL fails to break through the 202 dollar mark during nighttime trading, it may indicate that the current rebound has ended. In this case, market participants need to be wary of a potential further decline and follow the support levels around 197, 193, and 189 dollars.
The overall cryptocurrency market is currently showing a corrective trend, and the movement of SOL cannot be isolated from it. Nonetheless, recent reports indicate that funds have been continuously flowing in, driving the pump of SOL, which may bring positive effects on future price movement.
In this market environment, investors need to stay vigilant and closely follow market trends and changes in technical indicators. Whether bullish or bearish, a reasonable risk management strategy is crucial. At the same time, for long-term holders, market fluctuations may provide opportunities to adjust positions.