Recently, the price movement of Solana (SOL) has caught the market's follow. From the 4-hour Candlestick Chart analysis, it can be seen that SOL is forming a typical M-top pattern at the weekly level, which is often regarded as a potential bearish signal.



In terms of technical indicators, although the MACD histogram remains positive, the length of the bars is gradually shortening, indicating that the bullish momentum is weakening and the market may be about to turn.

Based on the current market situation, investors may consider adopting a cautious short-selling strategy in the range of $206-$210, while setting the stop-loss level around $215 to manage risks. The short-term target price can focus on the vicinity of $190, while in the medium to long term, around $170 may become an important support level.

It is worth noting that macroeconomic factors may also have an impact on the cryptocurrency market. When making decisions, investors should closely monitor various macroeconomic indicators in addition to paying attention to technical aspects.

Overall, the short-term price movement of SOL shows certain downward risks, and investors need to remain vigilant and manage their positions and risks wisely. At the same time, it is important to remember the high volatility characteristics of the cryptocurrency market, where price movements can change rapidly. Therefore, timely adjustments to strategies and maintaining flexibility are crucial for success in this market.
SOL-4.74%
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NFTRegretDiaryvip
· 08-25 00:47
Let it fall in the short term, and we'll talk about going up to 300 later.
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SolidityJestervip
· 08-25 00:41
bearish traders are up to something again
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FloorPriceWatchervip
· 08-25 00:41
Just empty is fine.
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GateUser-c799715cvip
· 08-25 00:24
I was played people for suckers by SOL before, but I won't be fooled this time.
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