Recently, the SOL market has experienced significant volatility, with prices sharply falling from $185 to $177, and then quickly rebounding to around $179. Despite the large drop, the rebound momentum is strong, indicating that buying pressure remains active below.

Currently, the market focus is on several key price levels:

The support area below is between 176-177 dollars. If it falls below this range, it may further test 173-174 dollars.

The resistance level above is in the range of 181-183 USD, which is the area where bulls concentrated previously and is also a key point for short-term breakthroughs.

From the market trend, the possibility of consolidation is relatively high. The sharp drop from $185 to $177 has released some bearish momentum, and the area around $179 has become a battleground for both bulls and bears, requiring time to digest in the short term.

If the support at 177 USD holds, the market may oscillate between the 177-183 USD range, looking for a breakout direction. However, if it falls below 176 USD, the potential for a pullback may further expand, and caution should be exercised regarding the support level at 173 USD.

For conservative investors, it is recommended to wait for confirmation signals. If the support at $177 is effective, consider gradually entering long positions with a light position, targeting initially $181-183, with a stop loss set below $176.

Aggressive investors can try short-term long positions around $179-180, but be sure to set a stop loss (below $176) to capture potential quick rebound opportunities.

In terms of short-selling operations, if the price rebounds to the range of 183-185 USD but fails to break through, consider shorting in the short term, targeting 178-177 USD.

Overall, SOL is currently in a consolidation phase, and whether it holds at 177 USD is crucial. If it holds, it may form a sideways bottom; if it falls below, a second bottom may be on the horizon. In terms of trading strategy, it is recommended to maintain a light position, enter and exit quickly, and avoid being repeatedly shaken out in a choppy market.