SOL Daily Market Analysis - Top Team Teaches You to Break the Deadlock!
1. Technical Analysis
SOL was stuck near the middle Bollinger Band this morning, repeatedly rubbing against it, with volume shrinking like a wilted cucumber. The MACD death cross has formed, and the DIF and DEA lines are almost sticking together like conjoined twins, while the green bars are still popping out, clearly indicating that the bears are preparing a big move. If the daily line cannot close above the middle band, it is highly likely to drop tonight. Around 177, there are a lot of whale orders pressing down, clearly indicating that the main force is controlling the market to wash out retail investors; it's a dangerous time to try to bottom fish.
2. News Analysis
On the positive news front, the SOL spot ETF applications submitted by VanEck and other institutions are waiting for SEC approval. If approved, it is estimated that at least $6 billion in fresh capital could flow in. However, on the other hand, FTX's 52.2 million SOL is about to be overwhelmed, and Galaxy Digital's group of vulture funds has a cost price of only $64, now showing a 187% profit; even a small sell-off could puncture the market.
3. Key Levels
The upper resistance at 181 is now as solid as iron, while the lower support at 173 has accumulated some buy orders. In the short term, let's see how long the broken range of 175-178 can fluctuate; if it breaks the middle band with volume, we will directly look at whether the psychological level of 170 can hold. The daily RSI is hovering around 70, and the overbought correction has been tightened, but the MACD blue line is still holding strong, indicating that the overall trend has not yet fully turned bearish.
Operational Strategy
Spot players are advised to play dead; the altcoins have been dragged down by Bitcoin like a sick chicken, and jumping in to catch falling knives at this moment is purely reckless. Futures traders can wait for a rebound to around 178 to open a light position, with a stop-loss set two points below as insurance; remember not to hold onto positions and not to get overly excited. If you really want to go long, you must wait for volume to stabilize above 180 before considering it, and it must also align with the U.S. stock market not suddenly collapsing.
Feeling confused? Can't find a way out?? Leave a comment to get support from a top team.
I am Fengyun, supported by a top team; only people in resonance can gather together! (Serious inquiries only)
