SOL is currently trading at $158.99, establishing an accumulation zone between resistance at $163.97 and support at $153.67. The trading volume is quite high (~599M USDT) reflecting strong interest, but the short-term MA lines are crossing down indicating selling pressure in the short term. Although it increased slightly by 1.3% during the day, SOL is still in a medium-term downtrend with a decrease of nearly 19% over the week. Buying power needs to push the price above $163.97 to confirm a reversal; otherwise, breaking below $153.67 could pull the price down to lower zones. Should we take the risk, everyone?
$SOL