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The price movement of Solana (SOL) shows positive signs of change. The latest Technical Analysis indicates that the previous pullback may have ended, and the market is breaking upwards.
On the four-hour chart, the MACD indicator has completed a rebound after returning to zero, which is often seen as a signal of trend reversal. It is worth noting that the lowest point of this pullback exactly reached 183 dollars, aligning with yesterday's expectations.
In the short term, SOL has successfully broken through the resistance range of 189 to 190 USD yesterday, showing strong upward momentum. Currently, the market's focus has shifted to the new resistance level of 196.5 USD.
If SOL can break through the key level of $196.5, we may see the price continue to rise to the psychological barrier of $210. More optimistic expectations even suggest that, driven by the current strong momentum, SOL could potentially reach a new all-time high.
However, investors still need to remain cautious and closely monitor market changes. The high volatility of the cryptocurrency market means that situations can change at any time, making timely risk management strategies crucial.