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Recently monitoring the SOL order book, I found some interesting points. The trend is much more stable than expected, and SOL's recent performance is definitely worth analyzing. The bulls are in control, RSI remains steady at 56.4, and it feels like the big players are really about to make a move.
Let's first look at the technical aspect. Currently, SOL is quoted at $127.630000, not far from the key resistance at $131.460000. Once this barrier is broken, the upward potential will be fully unlocked, and we should see a strong rally. Although RSI hasn't entered the overbought zone yet, it's already in the mid-range with a bullish bias, indicating that market sentiment is gradually recovering and the buying momentum is building.
The order book is even more promising. Trading volume is quietly increasing, and the buying power clearly surpasses the selling pressure. This usually hints that large funds are quietly positioning themselves. Coupled with the current bullish momentum, SOL is very likely to continue pushing toward the key breakout level at $130.180000.
My plan is as follows: continue closely monitoring this level. Once SOL successfully breaks through $130.180000, I will consider a tentative increase in position. Such a breakout signal is still convincing. Of course, risk management always comes first. If the price falls below the support at $123.800000, I will cut losses without hesitation—survival is the most important.
The recent hours' changes are indeed quite interesting. Overall, SOL still has potential, as long as the big players don't pull any tricks, the short-term upside remains quite possible. What do you all think? Share your thoughts in the comments?