SOL's life-and-death struggle: Tug-of-war at the 145 level! Keep a close eye on the three 'thunderbolts' tonight
The news front is a powder keg, the technical front is the fuse—waiting for SOL's turning point night!
News front: Two major positives vs three major negatives
ETF expectations rising: Bloomberg analysts reveal that Solana's spot ETF could be approved as early as July; if true, it will ignite institutional funds;
FTX unlocking aftershocks: 3 million SOL unlocked in March are still hanging over the market, institutional profit-taking could crash the market at any time;
On-chain activity shrinking: SOL ecosystem revenue plummeted by 60%, the Memecoin craze is cooling down, TVL remains stable but the ability to generate revenue has sharply decreased!
Technical aspect: Triangle convergence, a showdown between bulls and bears at 145
Bollinger Band 'suffocation': The 4-hour chart shows the Bollinger Bands rapidly narrowing with the upper band at 146.3 and the lower band at 144.1, the price is closely touching the lower band, indicating significant weakness! A drop below 144 will trigger a stop-loss wave;
Key level to watch:
Support: 144.1 Bollinger lower band, 142 bullish defense line, if broken look lower;
Resistance: 146.3 Bollinger middle band, a breakout at 149 is needed to reverse.
Tonight's focus is on the Federal Reserve's remarks + FTX's chip fluctuations—SOL's turning point is imminent! Follow the big D, we will take precise shots when the bullets are chambered!
