$SOL Dog House Sharpens Knife Waiting for Explosion
In the early session, the five-minute chart of SOL lingered around $175, maintaining a stalemate with the middle band of the Bollinger Bands for three hours. The distance between the upper and lower bands has compressed to a space of $1.2, and the three bands are flattening, indicating a critical turning point. Trading volume shrank to 19,000, only 45% of the MA10 average volume, and the liquidity of pending orders on the market has dried up. A $5,000-level order can trigger a spike, and the intention of opening both long and short positions is obvious.
On the news side, Bitcoin has stabilized at $103,500, but SOL is dragged down by the U.S. stock market's solar energy sector. The Dog House holds the upgrade card for the Solana ecosystem: the FireDancer network's stability upgrade will reduce the downtime frequency to less than once per quarter, combined with the SEC's new regulatory draft releasing compliance signals, forming a potential excuse for a midnight raid.
Technically, it shows a textbook-level consolidation market: the upper pressure moves up to the upper band of the Bollinger Bands at $176.8, and the lower support locks in the weekly chip accumulation area at $174.2. Spot traders are advised to firmly hold the psychological defense line at $170, while contract players need to move the stop-loss down to $173.5 to guard against spikes. A breakthrough above $176.8 requires an increase in volume to over 30,000 and stabilization for 15 minutes to confirm a true breakout.
If Bitcoin maintains a fluctuation between $103,000 and $105,000, SOL is likely to replicate the painting door trend. Pay close attention to the European Central Bank's interest rate decision at 18:00 and the U.S. core PPI at 20:30 today. A data deviation of 0.3% from the expected value will trigger a fluctuation of over 5%. Additionally, beware of liquidity sniping during the 2:00 AM line change period, as on-chain monitoring shows that a market maker has prepared 120,000 SOL for targeted demolition.
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