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SOL has recently shown several noteworthy signals. The 30-minute trading volume has surged by 94.9%, and such abnormal trading volume often indicates that the market may be about to move.
From a price perspective, SOL is currently quoted at around 123.73 USDT, and based on the 1-hour technical analysis, the key support level is at 123.58 USDT. The current price is only 0.18% above this support level, which is quite close.
The sudden increase in volume combined with the price approaching the support level often signifies what? Generally, a sharp increase in trading volume is a precursor to a market move. Paying close attention to SOL's subsequent performance is very important at this point.
From a trading perspective, one idea is to place buy orders near the 123.58 support level. As long as the price is supported here, the upward opportunity will be more apparent. Of course, how the trend develops afterward depends on the specific market behavior, and closely monitoring SOL's price movements will be crucial.