In the crypto world, a day is like a year in the real world, but today's watershed rebound for SOL is like a deadly spring bounce after being compressed to the limit!
——Dear friends, I am the hardcore blogger in the crypto world who has traversed three bull and bear markets. This morning, I opened my eyes to see Robinhood making big moves: officially launching micro futures contracts for SOL and XRP. This thing is equivalent to giving retail investors a 'leverage experience card' — you can bet on SOL's rise and fall with as little as $1, definitely a traffic bomb!
News: Exchanges are competing to be part of the SOL 'atmosphere group'.
Robinhood's actions have directly pierced through two layers of paper:
Lowering the threshold: How many people sighed over the 'hundred-dollar pancake' when SOL skyrocketed last year? Now, even beginners can play futures with the money for milk tea, speeding up the entry rate for new investors by at least 30%;
Hidden secrets: Remember that after SOL perpetual contracts were listed on Coinbase in May, the price surged 40% in one week; exchanges' 'new listings' are never charity but rather a scent of fat meat! On-chain data confirms: the open interest for SOL futures surged by 17% in the past 24 hours, and the dogs are sharpening their knives.
Technical aspect: $147 is a 'ghost gate'.
Staring at the 1-hour candlestick chart you posted, three signals are absolutely impressive:
Watershed sorcery: Last night it accurately retested $142.76 (23.6% Fibonacci) before violently rallying, reminiscent of a spring compressed to the extreme; this kind of movement was seen on May 19 (when it surged from $120 to $148);
Moving average strangulation formation: MA5 (415k) crossed above MA10 (452k) forming a golden cross, but the volume hasn't completely caught up — like stepping on the gas but being in neutral; the $147 resistance level is the gearbox!
Chip life and death line: 64% of the liquidation orders are piled up around $147, this is either a graveyard for bears or a guillotine for bulls!
Market sentiment: Greed is hiding a knife.
The Solana ecosystem has indeed been impressive lately: the Pyth price feed protocol has over a million daily active users, and Jito's staking APY has surged to 8%... but the old hunter wants to pour cold water:
The retail FOMO index soared from 55 to 68, with Twitter filled with the cult slogan 'SOL breaks a thousand dollars' again;
However, whales are playing hedging: a mysterious address transferred 100,000 SOL to Binance this morning, while the open interest for Put options surged by 200% — the big players are very honest!
Anna's guess: There will be blood today!
Referring to the script of June 12 when TON broke the $7.2 resistance (also futures launched on exchanges + concentrated chip region), SOL is very likely to launch a full attack before the US market opens. But note: if it breaks through $147.5 with volume and holds for an hour, $150 will be an appetizer; if it fails to break through three times, the support at $142 will collapse, pressing down to $139!
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