Foreign media analysis suggests that there has been a recent improvement in the relative performance of Solana in bitcoin, which is usually seen as an early sign that funds are beginning to rotate towards the Shanco currency. However, the repair of SOL ' s dollar price remains incomplete, and between $95 and $100 remains the area of greatest current market interest.

SOL/BTC approaching confirmation area

According to the article, SOL/BTC is approaching the long-term downward wedge, and the latest week has shown that the buyout is trying to break. The current price is approximately 0.00134 BTC, which is not far from the confirmation range of 0.0014 to 0.00145 BTC.

If this position is effectively breached, it often means that the relatively stronger and weaker relationship between SOL and TTco continues to improve and may lead to more financial flows to Solana. In a similar trend in the past, SOL/BTC breakthroughs were often higher than SOL dollar prices.

95 to 100 dollars is still a drag.

The performance of SOL/USDT is still weak compared to the stronger bitcoin exchange rate. According to the article, SOL currently fluctuates around $82 and has not recovered the critical area of $95 to $100, although it has recovered from its lower position.

In terms of transaction distribution, the 135 to 150-dollar area was the most heavily traded area in history, and the market formed a stronger value hub in the area. This means that the current prices are still significantly away from the pre-existing main areas of trade, and the rehabilitation has not yet been completed.

Short-line focus on three groups.

  • $75 to $78: Short-line support areas
  • Between $95 and $100: critical resistance and recovery
  • US$ 140 to US$ 150: possible test areas if breached

At the same time, it was mentioned that the recovery of the spot purchaser was still weak and the cumulative trade-off margin was relatively flat, suggesting that there had not yet been a clearer off-the-shelf replenishment. If the upper resistance cannot be broken, SOL may still maintain the inter-zone shock and again face a retreat pressure.