Brothers, I am Big G! Don’t panic about this wave of SOL shocks, Bollinger Bands + MACD expose the main intentions!
Did you see it? SOL is now stuck at 170-185 dollars and is trading sideways. The middle track of the Bollinger Bands at 154.93 dollars is supporting the bottom, but the upper track at 174.32 dollars is pressing down tightly, indicating that the dog dealer is playing the up and down needle wash! MACD is even more exciting - DIF (6.25) has already ridden DEA, and the bar line has turned red to 4.34. This is a fucking golden cross!
Short-term scenario: $170 is the bottom line, if it breaks, we will go to $160!
Now all the institutional orders are around $170, but if the Fed raises interest rates in June, the price will fall below the Bollinger Bands at $135.53 (but I think the probability is not high). The upper $185 is a heavy pressure area, and if it stands firm, it will directly break through $200. Once the bull flag pattern is formed, $220 is the appetizer!
Look at the Solana Acceleration Conference in the medium term!
On May 22, these people are going to make big promises again. The Phantom wallet upgrade and the Firedancer test network progress will be released. According to historical trends, there will be a wave of price increases within 48 hours after the meeting! But remember - good news is bad news, so run away if you make short-term profits, don't get carried away!
Hold on for the long term! Technology upgrade + ecological explosion
The market value of stablecoins on the chain has reached 13 billion dollars, the DEX transaction volume has crushed Ethereum, and the TVL has reached 7.65 billion dollars! When Firedancer is upgraded and the TPS reaches 120,000, those haters who call SOL a "downtime chain" will have to shut up! Invest with your eyes closed for less than 160 dollars, and 250-300 dollars by the end of the year is not a dream!
Operation Guide
Short-term: If it holds at $170, then take the opportunity to trade in the trend. If it breaks through $185, then increase your position!
Long term: place an order at $160 to buy at the bottom, hold on and wait for the upgrade bonus!
Position: Don’t exceed 50%, keep some money for black swans! $SOL #山寨币热点
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