Today's SOL Trend!! Don't panic when it spikes, steady your rhythm for big profits
Today's SOL ride is a bit thrilling! Let's get straight to the point: Don't get overexcited when it spikes in the morning, wait for a pullback confirmation before attacking again. If you have coins, hold steady; if you're in cash, prepare your bullets for a golden opportunity!
First, let's look at the hard indicators on the chart:
The price has broken through the upper Bollinger Band, like a marathon runner reaching the front pack, it's time to catch a breath. In the short term, there's a high probability of a pullback to the 144-146 previous high support area; we need to hold above 149 before pushing for 15578. Be alert for a sudden shrinkage of the afternoon MACD red bars—this might indicate that the main force is pulling back while pushing up.
The tug-of-war between bulls and bears is intense:
A $200 million whale transfer is causing a stir (large transfers from anonymous wallets), and the price is stuck at the neck level of a “cup and handle” formation between 140-155. A breakout above 155 with volume is the call to action! If the volume doesn’t keep up, we might have to deal with an “elevator market.”
Personal trading experience sharing:
Last month, Trump launched the Meme coin TRUMP on Solana, and SOL surged 20% that day, but the next day it dipped 15% for a washout. This operation taught me: good news hitting the market often marks a short-term top; real gold and silver in the ecosystem are the long-term trump cards. Currently, Solana's DEX weekly trading volume is $21.6 billion, which is even stronger than all Ethereum L2s combined. This is a sign of an ecosystem explosion!
Today's three major trading disciplines:
Don’t catch falling knives in a morning drop: A drop below 144 could indicate a violent washout by the main force; wait for stabilization before acting.
Dare to add positions at the 140 mid-line: This position is supported by the 200-day moving average + dense chip area, with a very low probability of breaking.
Run fast if we break through 155: There are a lot of trapped positions at the previous high of 175; if we reach 155, consider reducing your position and waiting for a pullback. Don’t be greedy and chase the tail.
Latest news assists:
Institutions are locking in and playing hard: FTX went bankrupt and locked 52.2 million SOL, while Galaxy Digital and other institutions are up 187%, but they might sell in batches through OTC to ease the impact.
Technical upgrades are boosting confidence: The FireDancer upgrade has maximized network stability, reducing downtime frequency to ≤ once per quarter, which has greatly boosted institutional confidence.
Finally: The SEC's approval deadline for the SOL spot ETF is in October, and prices have already factored in some expectations. Is this the good news turning into bad news, or the start of a raging bull market? Follow me, and next week I'll help you see through the dealer's cards!
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