Recently watching the trend of SOL, I feel this coin is brewing for a big move.
From the price level of $124.88, SOL has been consolidating here for several days. Currently, the RSI is at 47.7, in a relatively balanced position, with both bulls and bears waiting for a clear signal to decide the direction. Technically, this kind of accumulation pattern usually indicates the market is gathering energy. Once it breaks through a key resistance level, a significant upward move is likely to follow.
I notice that the key support level is at $121.13, which is very important—holding this level could mean the potential for further upward movement. The key resistance level is at $128.63, especially the breakout point at $127.38. If it can break above this, it will be the real highlight. Plus, recent market sentiment has been pretty good, with funds gradually entering, suggesting conditions are building up.
Sharing my own thoughts: I will closely monitor the movements within this range. Once I see a clear breakout near $127.38, I will consider adding to my position moderately. Missing such an opportunity would indeed be a pity. Conversely, if it breaks below $121.13, I won’t hold onto hope—cutting losses promptly is the right way to protect capital.
Overall, trading is about waiting for opportunities and managing risks well. The key is that opportunity always favors those who are prepared. Of course, any analysis involves uncertainty, so always judge based on your own situation before investing.
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.
8 Likes
Reward
8
5
Repost
Share
Comment
0/400
zkProofInThePudding
· 2h ago
127.38 needs to hold steady, otherwise just wait for the next wave. Anyway, SOL can't run away.
View OriginalReply0
TeaTimeTrader
· 8h ago
127.38 breaking this level means going all-in; if it can't break, continue to observe.
View OriginalReply0
LiquidityWitch
· 8h ago
sol's been whispering the forbidden patterns... $127.38 is where the alchemy happens, ngl
Reply0
BtcDailyResearcher
· 8h ago
This round of SOL consolidation is quite interesting. If it can't break 127.38, I'll just lie low for now and wait to see.
View OriginalReply0
GweiWatcher
· 8h ago
127.38 whether it breaks or not is the key, right now it's just a gamble on this move
Recently watching the trend of SOL, I feel this coin is brewing for a big move.
From the price level of $124.88, SOL has been consolidating here for several days. Currently, the RSI is at 47.7, in a relatively balanced position, with both bulls and bears waiting for a clear signal to decide the direction. Technically, this kind of accumulation pattern usually indicates the market is gathering energy. Once it breaks through a key resistance level, a significant upward move is likely to follow.
I notice that the key support level is at $121.13, which is very important—holding this level could mean the potential for further upward movement. The key resistance level is at $128.63, especially the breakout point at $127.38. If it can break above this, it will be the real highlight. Plus, recent market sentiment has been pretty good, with funds gradually entering, suggesting conditions are building up.
Sharing my own thoughts: I will closely monitor the movements within this range. Once I see a clear breakout near $127.38, I will consider adding to my position moderately. Missing such an opportunity would indeed be a pity. Conversely, if it breaks below $121.13, I won’t hold onto hope—cutting losses promptly is the right way to protect capital.
Overall, trading is about waiting for opportunities and managing risks well. The key is that opportunity always favors those who are prepared. Of course, any analysis involves uncertainty, so always judge based on your own situation before investing.