#巨鲸动向 This pullback has been quite fierce, plunging from around $180 all the way down to the range-bound area of $150. Looking back at this price movement, after the defense line at $165 was breached, bearish sentiment has clearly taken the upper hand—prices tested a low of $145 before barely stabilizing, and currently, it is oscillating around the $150 mark, indicating that the short-term trend is indeed not very optimistic.
From a technical perspective, there are several key levels to watch: resistance is concentrated in the range of 158-166. If it can effectively break through 166 and hold, theoretically there is a chance to test 175 or even return to 180; however, if it breaks down below the recent low of 145, the next support may need to be looked at around 130. On the indicators front, the MACD histogram continues to contract, and the RSI is also operating below 50, in simple terms, the buying pressure is not keeping up, and the support strength is insufficient.
Overall, the judgment is that SOL is currently still in a downtrend channel, and market sentiment is cautious. The key is whether it can hold the psychological level of 150, and if accompanied by an increase in trading volume, there might be a possibility of reversal. Otherwise, in the short term, bears will likely continue to control the pace, and the time for a range-bound consolidation may need to be extended.