Recently, the price movement of SOL has shown a high degree of similarity to Ethereum, especially in the hourly trends where they are almost synchronous. Therefore, investors can refer to the overall trend of Ethereum to analyze the future trend of SOL.

The latest daily chart shows that SOL has formed a small bullish candle, with trading volume decreased compared to the previous day, around two-thirds, but still at a normal level. The daily MA30 shows an upward trend, while the MACD indicator hovers not far above the zero line, indicating that the upward momentum is currently somewhat lacking.

The price of SOL encountered resistance after reaching around 200 USD and then began to retreat. This means that the 200 USD level has become an important breakout point. If it cannot effectively break through and stabilize at this level, the upward space above will be difficult to open. Therefore, investors can consider two strategies: patiently waiting for the price to correct to a suitable level for buying at a low, or waiting for the price to break through and stabilize above 200 USD before entering the market.

It is worth noting that the price movement of SOL is largely influenced by Bitcoin and Ethereum. If Bitcoin can maintain stability after its rebound, and Ethereum continues to rise, SOL is likely to follow in Ethereum's footsteps and continue to rebound.

From a technical analysis perspective, the main resistance levels for SOL on the daily chart are at 206, 220, 236, and 254 dollars, while the support levels are around 175, 164, 145, and 136 dollars. These key price points are worth paying close attention to for investors.

Overall, the price movement of SOL is closely related to the entire cryptocurrency market, especially Ethereum. Investors need to take these factors into account when formulating trading strategies and closely monitor the breakout situation at the key price point of 200 dollars.