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The latest price of Solana (SOL) cryptocurrency is 174.84 USD, a fall of 4.29% from the previous trading day. Today's trading range is between 173.53 USD and 186.61 USD, and the current price is hovering within the key support range of 174 to 175 USD.
From a technical analysis perspective, the price of SOL remains above important moving averages, the Relative Strength Index (RSI) indicates a neutral to strong trend, and the Moving Average Convergence Divergence (MACD) indicator is expected to turn positive. These signs suggest that bullish sentiment in the market still exists.
If SOL can firmly hold the support level of 174 dollars, once it successfully breaks through the resistance level of 186 dollars with a significant increase in trading volume, the next target price may point towards the range of 190 to 195 dollars.
For trading strategies, investors with a higher risk tolerance might consider establishing a small long position near $175, but they need to set the stop-loss below $173 to control risk. Relatively conservative investors can wait for the price to break above $186 and for trading volume to significantly increase before considering to follow up.
Overall, despite the short-term fall of SOL, the overall market sentiment still leans towards bullish. Investors should closely monitor price trends and changes in trading volume, while managing risks and seizing potential upward opportunities.