The Bollinger Band channel is opening downwards, the MACD has crossed below water, yet a million-dollar buy order has surprisingly appeared at 134 USD—SOL is staging a textbook-level battle between bulls and bears.
Technical alert triggered
The current SOL price is tightly holding onto the lower Bollinger Band, with a strong resistance forming at the middle band of 143 USD. More dangerously, the MACD double lines have crossed below the zero axis for the second time, and the histogram has turned green and expanded, which is a typical signal of a downward continuation! The 'breakthrough at 150 USD' misreported by the market yesterday was merely noise; the real pressure has moved down to 137.7 USD, and the bulls must first conquer this fortress for a counterattack.
The market has hidden secrets
134.26 USD has become today's battleground for bulls and bears: the large sell order at 18.57K is eyeing closely from above, while the support below is exceptionally strong—there are buy orders as high as 923.53K at 134.25 USD and 814.63K at 134.24 USD forming a wall. This kind of 'pressure without decline' often indicates that a change in trend is imminent.
News is mixed with warmth and cold
Early this morning, the Solana Foundation announced the launch of the 'Saga Mobile Revitalization Plan' in collaboration with multiple ecological projects. Users holding this phone can receive a limited-time NFT airdrop before July (such as Tensor, DRiP, etc.). Short-term positive stimulation is hard to conceal concerns: Coinbase's latest report indicates that the number of active addresses on the Solana chain has decreased by 12% week-on-week, showing signs of cooling in ecological enthusiasm.
My opinion
SOL is caught in a contradictory vortex of 'news support and technical breakdown'. If the 134 USD defense line is broken with volume, it may trigger panic selling, heading straight for the psychological barrier of 130 USD. Short-term players must closely monitor the consumption of buy orders in the 134.2-134.3 USD range—if large orders remain, a rebound is expected; if buy orders collapse, timely risk avoidance is necessary.
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