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Solana (SOL) has recently experienced a tumultuous market performance. Although it once broke through the important psychological barrier of 200 dollars, it subsequently experienced a pullback, falling 2% over the week. This price movement reflects a temporary weakness in buying power, which failed to hold above the highs.
Currently, SOL may face further pullback risks, with $165 and $150 becoming important support levels of interest for the market. The performance at these two price points will determine SOL's short-term price movement. If it can hold above these two key levels, SOL may still have the potential to launch another attack towards $200.
It is worth noting that despite the pullback in the short term, the overall movement of SOL remains positive. While it continues to create new highs, the lows are also gradually rising, which is seen by many analysts as a long-term bullish signal.
For investors, the support level of $150 is particularly critical. If SOL can hold above this level, market sentiment is expected to remain optimistic, laying the groundwork for future increases.
However, the cryptocurrency market has always been highly volatile, and investors need to carefully consider risk factors and closely monitor market trends when making decisions. Whether SOL can return to 200 dollars or even create a new high will take time to verify.