SOL is currently a game of heartbeat! The current price is tightly hugging the upper Bollinger band, with MACD golden cross but reduced volume; on-chain Meme coins are skyrocketing by 70%, and Korean exchange suddenly boosts the SOL ecosystem — is it a massive rise or a crash? Experienced traders will guide you through the future!
Technical Analysis: Three signals suggest a trend reversal!
Bollinger Band 'walking a tightrope':
Price is tightly sticking to the 1-hour Bollinger upper band; this squeezing posture will either break out strongly or fall back to the mid-band. 155 is the lifeline for bulls and bears!
MACD hides secrets:
DIF crossing DEA, which is a golden cross bullish signal, but the MACD histogram shrank to 3.70, indicating hesitation in bullish strength. No volume spike on a high = playing tricks!
Key levels to watch:
Support: 152.2 today's opening price + 151.66 daily low; breaking this could hit the psychological level of 150.
Resistance: 155.89 daily high - breaking through will head straight for 160! The historical high of 187 is not a dream!
News: Two major bombshells!
Korean capital rushes into the SOL ecosystem!
The exchange Uphi just announced the launch of SOL chain project MOODENG with three trading pairs: KRW/BTC/USDT. South Korea has always been the engine of hot money in the crypto circle, and expectations for new funds are high!
On-chain Meme coins surge by 70%!
The on-chain Shitcoin NOBODY on Solana surged 70% in 24 hours, with a market cap breaking 29 million USD! The soaring on-chain gas fees indicate explosive FOMO among retail investors — the hotter the SOL ecosystem, the more the parent coin benefits!
Future Strategy: Two scenarios to respond to
Bullish scenario:
If it stabilizes above 155.5 and breaks through 156 with volume, go long directly, targeting the expansion area of 160 - 165 Bollinger upper band. News will fuel the fire, aiming for the previous high of 187!
Bearish scenario:
If 155 cannot be broken after a long attack + MACD death cross, go short with a target of 152 - 150 accumulation zone. However, the probability of falling below 150 is low, as Korea won’t allow it!
Risk Warning
Beware of "good news sell-off"! Korean exchange opens trading at 17:00 local time; be cautious of a sell-off after the news materializes.
Liquidation data: The current long-short ratio is nearly 1:1; leveraged traders cutting each other could trigger spikes!
SOL is currently a powder keg, ready to explode! Technical convergence of triangles + double bullish news, chances of breaking through > 70%!
$SOL
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