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Currently, the price of Solana (SOL) is at a critical juncture. From a technical analysis perspective, around $197 is an important short-term psychological level. If the price falls below this level, it may further dip to around $128, which is exactly the lower boundary of the trading channel.
On the upside, $210 is a key watershed. To break through this level, there needs to be a significant increase in trading volume, and the Solana ecosystem also needs to see positive news as a catalyst.
It is worth noting that the current price volatility of SOL is still constrained by both technical weakness and insufficient market confidence. For investors and traders, closely monitoring the breakout direction in the range of $142 to $210 will be crucial.
Overall, the short-term trend of Solana still faces uncertainty. Technical indicators and market sentiment are influencing its performance. Investors should remain vigilant and pay attention to key factors that may drive price movements, including but not limited to the overall cryptocurrency market trends, technological advancements of the Solana network, and potential institutional investment movements.