Brothers, pay attention! SOL is now at a critical moment, and the market makers are secretly making big moves!
The technical indicators have given a clear signal: the current price is stuck at $155.78, the 15-minute candlestick chart has formed a clear ascending triangle, with the highs continuously moving up, and key indicators are revealing the main force's intentions— the 5-day moving average and the 10-day moving average are about to cross, and the trading volume shows there are sell orders for 4200 SOL at $157.8, but there are buy orders for 3800 SOL supporting at $155.7; the battle between bulls and bears is focused on these two price levels!
More importantly, the MACD indicator shows that the bearish strength is almost exhausted, with the green bars shrinking to -0.1, and the DIF and DEA lines have started to flatten after a dead cross above the zero axis, indicating that the downward momentum is fundamentally insufficient! Now, three major news pieces must be closely monitored: Jump Trading has just bought 30,000 SOL at a 1.2% premium off-exchange, with a cost near $155.7; Solana's new phone pre-sales have surpassed 100,000 units, and the project party plans to burn an equivalent amount of SOL; most critically, the 38 million SOL from FTX have been frozen by the court, temporarily preventing a market crash!
My trading plan is straightforward: $155.78 is the life-and-death line, and I have arranged my position! There is MA30 moving average support at $155.3 below, with buying volume three times the usual; the sell orders at $157.8 look intimidating, but the perpetual contract funding rate has turned positive to 0.023%, meaning those shorting are actually hedging, and the real selling pressure isn't that large! On-chain data is even stronger, the top 20 addresses have bought 61% of the circulating supply in the past week, and whale costs are all above $155!
Within 24 hours, there are two possible scenarios—if we can hold $155.7, the programmed buy orders will directly consume the sell orders at $157.8, with the liquidation zone at $158.3; if FTX suddenly unlocks, the support at $155.3 can withstand the selling pressure! Looking at the weekly chart, with the phone destruction mechanism starting and institutional holdings becoming transparent, SOL hitting $180 is a certainty, and the weekly MACD has already given a golden cross signal! If you miss this wave again, really consider not trading contracts anymore!
If you can’t grasp it and always chase highs and cut lows, feel free to come and chat. Like + comment, Tiger Brother will take you on board.
