Recently, the price movement of Solana (SOL) has attracted attention. The rise starting from $173 is very clear, with the price climbing all the way to a high of $210, forming a complete pump swing trading.



During the subsequent pullback, SOL demonstrated strong resilience. Although it experienced a decline, the lows did not break below the critical support level of 173 USD. Notably, a double bottom formation appeared around the 190 USD mark, with this bottom showing a gradual rise. This price structure indicates that the integrity of the overall pump trend remains intact, laying a solid foundation for a potential rebound that may occur next.

From the perspective of intraday trading, the current price level may provide an attractive entry opportunity. Investors may consider looking for long position setups in the range of $190-195. If the rebound occurs as expected, around $210 will become a reasonable target price.

However, we also need to bear in mind that the cryptocurrency market has always been highly volatile. Investors should conduct a comprehensive risk assessment and develop strict risk management strategies before making any decisions. Additionally, closely monitoring overall market sentiment and potential external factors is crucial, as these factors may significantly impact the price movement of SOL.
SOL-1.49%
View Original
post-image
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.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
KML_Crypto3vip
· 2h ago
HODL tight, and DYOR.
Reply0
SorryRugPulledvip
· 2h ago
sol go go go! Full Position All in prepare To da moon
View OriginalReply0
LiquidityWizardvip
· 2h ago
sol Oh no, is it time to To da moon again?
View OriginalReply0
fomo_fightervip
· 2h ago
Enter a position SOL trend is right, just do it.
View OriginalReply0
LowCapGemHuntervip
· 2h ago
痛痛快快拉回来了
Reply0
CoinBasedThinkingvip
· 2h ago
Get Liquidated warning is here~
View OriginalReply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)