Recently, the cryptocurrency market has become active again, and the performance of Solana ( SOL ) coin price is particularly eye-catching. Some traders got on board when the SOL price was 130 dollars, achieving a considerable return of 23% in a short period. However, there is still uncertainty in the market trends, and investors need to remain vigilant.

Currently, SOL is facing short-term resistance at $160-161. With the ETF about to be launched, the MACD indicator shows that the fast and slow lines are starting to diverge, and the trading volume has also increased, which may indicate that there is still upward potential for the price. However, investors should remain cautious and avoid blindly chasing higher prices, while closely monitoring Bitcoin's movements, as it often leads the overall market direction.

It is worth noting that the launch of the SOL ETF may have a significant impact on the market. Looking back at history, when the Ethereum ETF was launched at a price close to $3800, Bitcoin once dropped to around $64500, while Ethereum plummeted to $2100. This cautionary tale should alert investors.

If Bitcoin fluctuates around $107,000, SOL may test the support level near $152.4 again. If this support level is not broken, SOL is likely to continue moving upward. However, as long as Bitcoin does not drop below the support levels near $109,000 or $110,300, SOL may encounter resistance even if it strongly rises to around $167 in the short term.

For spot traders, it is wise to appropriately reduce positions at key resistance levels. Do not overly expect a long-term upward trend like the previous bull market. Retain a certain base position and pay attention to key price levels such as $167, $174, and $180, so that you can manage risks while not missing potential upward opportunities.

Overall, the current market is full of opportunities, but the risks cannot be ignored. Investors should remain calm, analyze market trends rationally, and formulate appropriate trading strategies to cope with the ever-changing Crypto Assets market.