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Recently, Solana ( SOL ) has entered a narrow fluctuation phase after experiencing a high position Rebound, which may be a Relay structure in the rising trend, suggesting that it may continue to rise in the future.
This morning, SOL experienced a rise and then a pullback following the trend of Bitcoin, but it still remains within the established consolidation range. In the short term, SOL may continue to make slight adjustments in line with mainstream cryptocurrencies.
Investors need to closely monitor the key support level around $142. If this level is breached, we may see a deeper Rebound, at which point the area around $134 will become the next important observation point.
From a technical perspective, the following price levels are worth investors' attention:
Support level:
1. 139 USD
2. 134 USD
3. 128 USD
Resistance level:
1. 148 dollars
2. 151 dollars
3. 153-154 USD
Overall, Solana is currently in a key price range. Investors should closely monitor the aforementioned support and resistance levels, as they may have a significant impact on SOL's short-term movements. At the same time, it's important to pay attention to the overall direction of the cryptocurrency market, as SOL's trend often maintains a certain level of synchronicity with the broader market.
In this uncertain market environment, it is especially important to remain calm and rational. Investors should formulate appropriate trading strategies based on their risk tolerance and investment goals, avoiding blindly chasing rises and selling at lows.