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📖 Day 1 · Quiz (Single Choic
Recently, the price movement of Solana (SOL) has shown certain downward pressure. From the short-term 1-hour chart, SOL is experiencing a "slight rebound followed by a sideways fall" structure, while the daily chart shows a "descending expanding wedge" pattern, which usually indicates a potential continued fall.
In terms of technical indicators, the daily chart MACD is currently operating below the zero axis, further confirming the current bearish momentum. Based on these observations, market analysts believe there may be shorting opportunities in the range of $218 to $222, with support levels potentially around $210 to $207.
However, investors should also be aware of the broader market environment. Currently, the cryptocurrency market is influenced by various factors, including but not limited to changes in expectations regarding the Federal Reserve's monetary policy and shifts in institutional investors' attitudes towards mainstream crypto assets such as Bitcoin.
Although SOL may face downward pressure in the short term, the long-term development prospects of Solana, as one of the leading smart contract platforms, are still worth paying attention to. Investors should take into account technical analysis, fundamentals, and macroeconomic factors when making trading decisions, and always maintain risk awareness.