Recently, the market for ETH has been experiencing slow fluctuations, with significant changes mainly occurring during the US stock market hours, which has left many investors feeling frustrating. In search of new investment opportunities, we have turned our attention to SOL, as the market generally has a positive outlook on its potential to break 300 within the year.

From a technical analysis perspective, the daily K-line chart of SOL shows that the system indicates a starting point of 126, which can be considered an absolute low point. However, considering the recent market conditions, we will focus on the closer starting point of 200.

Currently, the price is running above the EMA20 moving average and there is no trend of touching the moving average, which indicates that the main focus in the short term may be on upward movement and pullbacks. Regarding the VWAP moving average, the price is just below it, suggesting limited space for a significant decline.

From the bare candlestick chart, the price started at 200 points, and after a narrow upward channel, it began its first pullback at 244 points. It is worth noting that a large bullish candle appeared at the H1 position, further confirming that the upward trend has not yet ended. Subsequently, the price reached a new high and then experienced another pullback, requiring a reassessment.

Today's candlestick chart shows that its high has exceeded that of the previous candlestick, forming a new H1. However, as of now, this candlestick may close as a bearish or doji. There is still quite a long time until the close, so further observation is needed.

Considering the previous strong upward momentum, the trend of SOL still looks promising. However, investors also need to remain cautious, closely monitor market changes, and manage risks effectively.