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Recently, Solana ( SOL ) has shown remarkable price performance, rising by 13% in the past week, with a similar increase of nearly 13% in the single month. Currently, SOL fluctuates between $167 and $192, demonstrating a certain upward momentum.
However, looking at a longer time span, the performance of SOL still appears relatively flat. Compared to six months ago, its price is still about 7% lower, indicating that the long-term trend is still in a consolidation phase.
Market participants are closely monitoring several key price levels. The support level where buyers are actively entering is around $152, while $202 is the resistance level where sellers are active. If SOL can break through $202, the next target could be $227, which would imply a rise of about 18% from the current price. Conversely, if the price falls below the $152 support level, it may further decline to $127, which would represent a drop of about 23% from the current price.
In terms of technical indicators, the momentum indicator is approaching the neutral zone, which may suggest that the current market is in a consolidation phase rather than accelerating upwards. The short-term moving averages are above the long-term moving averages, with the 10-day moving average (184 USD) slightly above the 100-day moving average (178 USD), indicating a relatively more optimistic short-term trend. This configuration may help SOL slowly advance towards the 202 USD mark in the short term.
However, from a longer time perspective, the trend of SOL still presents a mixed state. This means that market participants may continue to reduce their holdings on rebounds until the price clearly breaks through and stabilizes at 202 USD.
Overall, SOL is currently in a critical price range and is expected to test the $200 mark in the short term, but the establishment of a long-term trend requires more market confirmation. Investors should consider both short-term opportunities and long-term risks when making decisions.