SOL intraday market bold analysis and prediction

Market

The spot price of SOL is **$241.59**. In the past 24 hours, the highest price of SOL was **$245.80**, the lowest price was **$235.50**, and the trading volume was about 18 million pieces. The current SOL price is in a high-level oscillation state. The long and short sides are competing for the key psychological price of $240. The market is in a wait-and-see mood, waiting for further direction selection.

Technical analysis and key points

From a technical point of view, SOL forms a short-term oscillation range between $235.50 and $245.80:

• Support level: $235.50 is a short-term key support. If it falls below this level, it may further pull back to **$230.00**.

• Resistance level: $245.80 is an important resistance in the near future. After breaking through, it is expected to rise to the **$250.00-$255.00** area.

On the 4-hour chart, SOL is running above the 20-day moving average, and the RSI indicator is close to the middle axis, indicating that the market has not yet shown obvious overbought or oversold signals. The MACD indicator shows that the momentum is reduced, indicating that the shock consolidation pattern may continue in the short term.

Short-term contract strategy

1. Long strategy

• Entry point: When the price pulls back to the **$238.00-$240.00** range, you can consider opening a long order.

• Stop loss: The stop loss is set at **$235.00** to prevent the loss of support from causing a greater risk of decline.

• Target price: The target price is **$245.00-$246.00**. If it breaks through, it can be further seen at **$250.00**.

• Leverage multiple recommendation: It is recommended to use 5-8 times leverage to moderately magnify the profit in the volatile market, while strictly stop loss to control the risk.

2. Short-selling strategy

• Entry point: If the price rebounds to the **$245.00-$246.00** range, consider opening a short order.

• Stop loss: The stop loss is set at **$247.00** to prevent the price from breaking through the resistance area and bringing more upward momentum.

• Target: The target price is **$240.00-$238.00**. If it falls below, it can further look to **$235.00**.

• Leverage multiple recommendation: It is recommended to use 3-5 times leverage to moderately reduce risks and cope with short-term fluctuations in volatile markets.

SOL may continue to maintain a volatile trend in the short term. If it breaks through the $245.80 resistance level, it is expected to further strengthen; if it falls below the $235.50 support level, it may enter a short-term adjustment. Flexibly use long and short strategies to seize short-term volatility opportunities while ensuring that risk management is in place. $SOL