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In the early hours of today, the price of Solana (SOL) showed a strong pumping momentum, successfully breaking through the market's first key resistance level. However, this rise did not last long and soon entered a short-term pullback phase.
In the upcoming trades, investors need to closely monitor the key price level of $194. As long as SOL can maintain this level, the trends across various time frames will continue to lean towards bullish. This means that market sentiment remains positive, with buying pressure prevailing.
If SOL can maintain its current upward momentum, the next step will face resistance levels around $210 and $220. These two price levels could become important target areas in the short term, as well as potential profit-taking points.
Overall, Solana's current trend shows a relatively optimistic stance. However, the cryptocurrency market is ever-changing, and investors should remain vigilant and closely monitor market movements and potential risk factors when making decisions.