11.11 Morning SOL Market Analysis and Strategy
In the last 3 days, #sol rebounded from 147.20, currently retracing to the "short-term upward trend line"; if it holds, the rebound rhythm will be maintained; if it breaks down, it may retrace to the 160-162 range. The hourly chart is in the "consolidation phase after an upward wave"; MA7/MA30 shows a "bullish arrangement but with a slowing slope", with short-term pressure at 170.40 and strong pressure in the 172-175 range. SOL has a strong correlation with BTC/ETH; if BTC stabilizes above 106,000, SOL may follow with a rebound; if BTC pulls back, SOL may also test support.
$SOL The ecosystem has no major negative news recently, but attention should be paid to the evening PYTH token unlock.
Operation Strategy:
Target range of 164.71-165, looking up to 170-172, if broken, aim for 175
