Key Moment of SOL Bull-Bear Battle: $194 Support Level Becomes the Battleground

The price of SOL has recently experienced significant fluctuations, making it challenging for many investors to grasp the market rhythm. This morning, the market saw a brief dip followed by a rapid rebound, and behind this “script-level counterattack” lies trading opportunities worth analyzing.

Interpretation of Key Technical Signals

Currently, the SOL price is at a key technical position, and the following three important signals need to be focused on:

1. The key support level of 194.17 USD remains solid: This position corresponds exactly to the Fibonacci 61.8% retracement level and is the last line of defense for the bulls. The fact that it has not been broken after continuous testing indicates that the buying power below is very strong.

2. $201.44 forms solid support: This level was touched three times last week but not broken, and has now become an important support point for the bulls, providing a foundation for the subsequent rebound.

3. Trading volume gradually expands: Although there has not been a significant breakthrough in price, the bottom of the candlestick indicates that substantial capital is being supported, and institutional funds have begun to lay out.

On-chain Data Verification Analysis

On-chain data shows that in the past 72 hours, over 32,000 SOL have been transferred from whale addresses to exchanges. This behavior is not a simple sell-off but rather a preparation by large funds for the final wave of the market.

SOL has been tested 47 times at the $194.17 position within 72 hours without breaking down, indicating that the main funds are accumulating strength and waiting for the right moment to take action. This repeated testing without breaking the level often signals a key choice of direction in the future.

Practical Trading Strategies Guide

Based on the current market conditions, here are two trading strategies suitable for different risk preferences:

Strategy 1: Small Position Testing, Exit on Mistake

• The current price is fluctuating around $210.
• You can use a 20% position to test with a small amount in the $208-210 range.
• Set stop loss at $205 (exit immediately on break)
• If it breaks through 215 dollars, consider increasing to 50% position.

Strategy 2: Focus on Key Breakthrough Levels

• Keep a close eye on the $215 resistance level
• If a volume breakout occurs tonight, you can chase the high up to 220 dollars.
• The target is set around $230 (with a potential gain of about 10% based on the current price)
• Be patient while fluctuating in the range of 211-213 dollars, as this may be the main force's washout.

Potential Variables to Watch Out For

The market always has uncertainties, and it is necessary to pay attention to the following risk points:

1. According to reports, a well-known figure in the crypto space may express their views on SOL tonight at 8 PM, which could cause market fluctuation.
2. Policy factors, such as potential changes in tariff decisions.
3. Changes in Overall Market Risk Sentiment

Key Price Level Summary

The core of the long-short game lies in the competition for key price levels:

The current market is at a critical moment of intense battle between bulls and bears. As long as SOL can hold the support at $194, both technical analysis and on-chain data support the possibility of an upward movement. Before confirming the direction, it is essential to remain rational and implement strict risk control to seize opportunities in this market trend.

As an investor, having a plan for entry, stop-loss levels, and profit targets in advance is essential to remain calm during market fluctuations and avoid the common mistakes of chasing highs and cutting losses. Keep a close eye on tonight's market changes and adjust your strategy based on actual price behavior.