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SOL has performed strongly recently, rising from $158 to $176, with solid technical support behind this surge. Currently, the Relative Strength Index ( RSI ) is in a neutral to strong range, and the Moving Average trend indicator ( MACD ) remains in a golden cross pattern. The price is firmly above the 20-day and 50-day moving averages, and a bullish pattern has already formed.
From a technical perspective, the $170-$172 range may become an important defense line for long positions. As long as the price does not fall below this area, it may be worth considering gradually building a position during pullbacks. In the short term, investors can focus on the $178-$180 range, and if this area can be broken, a price of $185 or even higher is not impossible.
However, even if the market outlook is optimistic, one should not blindly chase higher prices or operate with a full position. A rational investment strategy should involve building positions in batches while setting reasonable stop-loss levels. Being bullish does not mean entering the market without caution; rather, it means seizing favorable opportunities while keeping risks under control.
For investors optimistic about the future development of SOL, this may be a time worth paying attention to. However, specific target price levels and additional position entries need to be flexibly adjusted based on individual risk preferences and market changes. In any case, maintaining calmness and rationality, and strictly implementing risk management principles, are the keys to long-term success in the cryptocurrency market.