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The price movement of Solana (SOL) is at a critical moment. Currently, SOL has reached an important support level of $213, which will be a key observation point in the short term.
The next few hours are crucial for the price movement of SOL. If the four-hour candlestick closes below $213, we may see a wave of retracement. In this case, investors should closely monitor the next support levels at $210 and $206. Traders holding long positions need to be especially cautious and adjust their risk management strategies in a timely manner.
However, if SOL can break through the resistance level of $216 during night trading, we may see a new wave of upward movement. In this case, investors can set their sights on higher price targets of $219, $222, or even $230.
It is worth noting that the volatility of the cryptocurrency market has always been high, and investors should carefully consider and conduct a comprehensive risk assessment before making any decisions. At the same time, market sentiment seems to be improving, which may provide additional momentum for SOL's price movement. However, we cannot ignore the potential risk of a pullback.
Overall, the short-term price movement of SOL will largely depend on whether it can hold the support level at $213 or break through the resistance level at $216. In either case, trading over the next few days is worth close attention.