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Recently, Solana's native Token SOL has shown strong pumping momentum, with an increase of about 11.9% in the past week. SOL successfully broke through the $180 range, and the technical chart displays a breakout after completing the "cup and handle" pattern. However, SOL is currently facing trendline resistance around $186, and investors need to closely monitor whether this level can be broken.
From a short-term perspective, if SOL can hold the support level of 166-168 USD, it is expected to challenge the 175-180 USD range in the near future. If it can break through further, it may drive the price up to 195 USD or even higher. Conversely, if it falls below the current support level, SOL may pull back to the 155-160 USD range.
In terms of medium to long-term prospects, the Relative Strength Index (RSI) of SOL has broken through the neutral line of 50, indicating that buyers are gaining an advantage. If the current trend can be maintained, SOL may reach the Fibonacci level of 218 USD in the short term, and may even challenge the resistance level of 252 USD.
It is worth noting that the cryptocurrency market is highly volatile, and investors should be cautious when making decisions, fully considering the risk factors. At the same time, closely follow market dynamics and changes in technical indicators in order to adjust investment strategies in a timely manner.