SOL Market Analysis: Weak Fluctuations Continue, Waiting for Market Turnaround
The hourly trend of SOL follows the rebound of BTC, but the strength is significantly weaker, with heavier pressure above. The daily line shows a small bullish candle with a long upper shadow, and trading volume has decreased to half of the previous day, in line with recent average levels, representing a normal technical correction after an oversold condition.
Core Logic:
Technical Patterns Weak: The daily MA30 moving average is turning down, and the MACD has crossed below the zero line, indicating that the short-term trend is still dominated by weak fluctuations, and direction choice needs to wait for BTC guidance.
Long-term Range Operation: Prices continue to fluctuate widely in the 120-180 range, and this pattern may last until October, during which high selling and low buying is a preferable strategy.
Long-term Layout Opportunity: The current low-level fluctuations provide an opportunity for gradual accumulation of spot positions, allowing for an early preparation for the market recovery brought by the interest rate reduction cycle.
Key Price Defense Lines:
Upper Resistance: 153 → 163 → 177 → 186 → 196
Lower Support: 140 → 136 → 130 → 125 → 110 (Strong Defensive Zone)
In terms of operation, it is advisable to remain patient, closely monitor the long-short competition in the 140-150 range, and focus on range trading before breaking levels. The market bottoming process takes time, but the downside potential and future possible returns are gradually forming a cost-effectiveness ratio.
