Support around 212.91 is crucial

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(SOLUSDT 1W Chart)

The chart may look complicated due to the drawn lines, but the key is whether the price can rise above the boxed area.

In other words, whether the price can rise above the 179.53-237.60 range and maintain its upward momentum is crucial.

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(1D Chart)

The HA-Low indicator on the 1D chart is showing signs of forming at the 212.91 level.

Therefore, if support is confirmed around 212.91, it would be a good time to buy.

However, the HA-High ~ DOM (60) range has formed in the 236.88-237.60 range, so we need to see if it can break above this range.

If the upward breakout fails, it's time for a partial sell-off.

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To continue the uptrend by breaking above a key zone or point,
1. The StochRSI indicator must be trending upward. If possible, it should be below the overbought level.
2. The On-By-Value (OBV) indicator must be trending upward. If possible, it should remain above the High Line.
3. The TC (Trend Check) indicator must be trending upward. If possible, it should remain above the 0 level.
If the above conditions are met, the uptrend is likely to continue.

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Thank you for reading to the end.
I wish you successful trading.

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