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Recently, the price performance of Solana (SOL) has been remarkable. Last night, SOL successfully broke through a significant resistance level, demonstrating strong pump momentum. However, the market then entered a brief adjustment phase, which is a typical pullback phenomenon after a breakout.
Currently, investors should focus on the key support level of 194 dollars. As long as SOL can hold this level, the bulls will still have the advantage, which is a positive signal for investors in all trading cycles.
From a technical perspective, if SOL can maintain its current momentum and continue to rise, the next important target range will be around $210 to $220. These two price levels might become new resistance zones, and breaking through these levels may require stronger buying pressure.
It is worth noting that the cryptocurrency market has always been highly volatile. Investors should be cautious when making decisions, taking into account various factors and constantly monitoring market dynamics and potential risks.