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- 🚀 ETH jumped to $4,600 this morning, up 8.69% in 24h!
Just shy of the $4,891 ATH—think it breaks through?
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The price movement of Solana (SOL) seems to be somewhat synchronized with Bitcoin recently, showing a certain level of weakness. Last night, it failed to achieve the expected rise and instead experienced a pullback.
However, the current price level may provide investors with a potential long opportunity. From a technical analysis perspective, the key resistance level on the 15-minute chart is at $176.8. If this level is successfully broken, we can expect the price to further rise to $180.8, or even $184.2.
However, investors also need to remain vigilant and set reasonable stop-loss levels. If the price falls below $174.5, it could trigger further declines.
The market movement is ever-changing, and investors should closely monitor market dynamics and make judgments based on multiple factors. In addition to technical analysis, one should also consider macroeconomic conditions, industry news, and project developments.
Overall, Solana is currently at a critical position, and breaking through the resistance level may bring new pump opportunities, but there is also a risk of pullback. Investors need to make cautious decisions and manage risk appropriately.