#数字资产市场反弹 SOL has started a technical rebound after reaching a low of 172, and the current price hovers around 197. This rebound has 155 as the support point, and a bullish trend line has formed on the hourly chart, but it should be noted that this still belongs to the corrective rebound phase within a downtrend.

From the technical indicators analysis, the moving averages on the 4-hour chart are still in a bearish arrangement. The MACD indicator is still below the zero axis, but the histogram has started to narrow. The RSI indicator has rebounded from the oversold area to a level of 46.79. Overall market momentum is weak, but short-term selling pressure has eased. The key to watch next is whether the price can break through the resistance zone of 198-200, while effective volume support is also needed.

It is worth noting that institutional funds are continuously allocating to SOL, with some institutions planning to acquire no less than 5% of the total supply of SOL. At the same time, the ecological development momentum is good, as the Sorare platform has announced its migration to the Solana ecosystem, and the MetaMask wallet is expected to start supporting the Solana network at the end of October. The Solana network remains stable under high load conditions, with a transaction processing capacity of 100,000 TPS, fully demonstrating its technical strength.

Short-term trading advice: If it can stabilize in the 188-190 range, you may attempt to take a small long position, with a target price of 200. If it breaks through the resistance level of 200, then you can further look towards the 209-212 area.

Long-term strategy: It is recommended that investors remain patient and wait for clear bottom signals to appear, and consider building positions in batches within the range of 180-188.

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