Sharing this because it's an excellent read and more people need to see it. This is some great insight!

Solana (SOL) is currently fiercely competing around $205, a price point that has become a critical battleground for both bulls and bears in the short term. Market participants are closely watching and hoping for a clear direction to emerge soon.

On the technical side, SOL faces an upper resistance zone of $214 to $216. If it cannot effectively break through this zone, it will be difficult to confirm the start of a strong rebound. Meanwhile, $202 serves as the primary support level, while $198 is a crucial defense point. If this level is breached, further pullback to the $190 area cannot be ruled out.

Despite the MACD indicator showing a golden cross pattern, the momentum seems to have weakened, suggesting that the market may be in a consolidation phase. Investors should closely monitor subsequent trends to determine whether a breakout situation will occur.

In terms of capital flow, there is a net outflow of approximately 45 million units in the short term, and the overall market pattern is still in the consolidation phase. This state usually indicates that significant volatility may be imminent, but the direction is still unclear.

In the current complex market environment, investors need to remain vigilant and closely follow the changes in various technical indicators and market sentiment. At the same time, they should also pay attention to macroeconomic factors and industry dynamics that may affect the price of SOL, in order to make more informed investment decisions.