#美国证券交易委员会代币化股票交易方案 Solana is caught in a critical long-short confrontation. The $119-$123 range is not only where recent lows are but also considered a "gold mine" by short-term traders.

What does the technical analysis say? If it stabilizes above $123.50, there is room to reach the recent resistance at $132. But if this support is broken, caution is needed at the $117 level below.

Market sentiment is somewhat divided. In the short term, nearly $90 million in long positions could be wiped out, indicating pressure. On the other hand, $8.7 million worth of SOL is quietly flowing into private wallets, suggesting large investors are accumulating. Plus, continuous net inflows into US spot ETFs imply that long-term support isn't that weak.

How to trade practically? Enter long positions in batches at the $119-$123 level, with stop-loss set below $117. If it successfully rises to the resistance zone of $132-$134, consider taking profits. If volume further breaks through $134, look towards $140.

Where is the biggest risk? It’s whether the $123 support can hold. Once broken, the price could fall to $117 or even lower. Therefore, position management and stop-losses must be strict. $BTC $SOL $The trend of ETH is also worth paying attention to.