There must be a pullback after a sharp drop
But don't confuse a rebound with a reversal!
I am Big G, using hardcore data to speak human language, guiding you through the mist of SOL!
News front: After panic selling, the fundamentals hide a turning point
Geopolitical black swan: The Israel-Iran conflict triggered market panic selling, with SOL crashing from $160 to $140 in two days, and war disturbances becoming the biggest short-term negative.
Ecosystem grows against the trend: Despite the sharp drop in coin price, Solana's monthly active users soared to 134 million, and on-chain development activity remains in the top 20% for the year— the ecosystem is not cold, don't panic, retail investors!
Technical perspective: Bears control the market, but pullback signals are emerging
Bollinger Bands: Opening downwards, price running close to the lower band, typical signal of accelerated decline, but serious overselling is likely to trigger a pullback.
MACD: Dead cross under water, green bars expanding indicate that bears are not hitting the brakes! Golden cross? Wait until DIF turns green to discuss!
Volume secrets: When breaking $140, there is explosive volume, panic selling; if the pullback has no volume = a trap for the bulls, only a volume breakout above $163 can reverse the trend.
Key levels to watch:
Coffin board pressure: $163 Life and death support: $140
Specific buy and sell points, pay attention to Big G's personal homepage
Operation summary: Guerrilla tactics, quick to enter and exit!
Spot traders: Gradually buy near $142, decisively cut losses if it falls below $140! Pullback target $155-$159 to gradually sell.
Contract traders: Lightly short from $150-$155, add positions if breaking $140 to look for $130; if volume breaks above $163, go long!
Medium-term layout: Wait for the daily MACD golden cross + stabilize at $163 to add positions, otherwise watch the show to save your life!
