
财经少华|Jul 28, 2025 04:08
Two reasons why SOL is now stronger than before reaching a historic high
SOL is consolidating below $200, with less pressure above. The reset of open interest contracts and the cooling of indicators indicate that the price will show a healthier upward trend and is expected to achieve sustained growth.
As the price trend tightens near the key breakthrough area and on chain data shows less pressure above $200, we are ready to embrace the potential push of a new ATH.
Even worse, open interest contracts have recently surged to a high of $12.01 billion since the beginning of the year, followed by a slight decline - an encouraging phenomenon of excessive leverage.
This is a reset that may indicate the clearance of excessive leverage and a healthier foundation for the next round of upward movement.
Once SOL breaks through $200, it will hardly face any pressure again - this level now has both psychological and structural significance. Thoroughly breaking through $200 could become a springboard for SOL to recover or even surpass its previous historical highs.
The daily chart of SOL shows a healthy pause after a recent breakthrough, with prices consolidating within the range of $185 to $188. The MACD line remains above the signal And the gap is narrowing.
The trading volume has decreased, but this is common after a significant increase. Unless SOL falls below $180, the bullish structure will remain intact - especially as overall market sentiment shifts towards risk appetite once again.
SOL
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