This market trend for SOL is like a roller coaster; just when you think it's about to peak, it suddenly dives, and when you cut your losses, it shoots up straight — today's movement is clearly the manipulators playing the 'wolf is coming' game!
Zhuque View:
The future of SOL has two potential developments: if it breaks upward from the box for the first time, it will effectively break 150, then pull back to wait for a second move, and if it breaks again, we can see 152.
The second option is to break downward from the box, which would fall to support at 148; if it breaks that, we would see 144. If you are unsure of the specific effective breakout points, please pay attention to Zhuque and check my profile; Zhuque will guide you step by step.
1. Key signals in the market (technical analysis)
Current SOL price is $149.3, which is at a critical watershed:
Upper resistance: 151.5 (Fibonacci 50% retracement level)
Lower support: 147.8 (Bollinger Band lower limit)
The MACD indicator shows a bottom divergence, but DIF is still below the DEA line
Trading volume has shrunk by 35% compared to yesterday, indicating strong market wait-and-see sentiment
2. Latest market dynamics
Nasdaq futures are currently up 0.18%, but SOL's correlation has dropped to 0.42
Derivative data shows:
OKX long-short ratio is 0.68
Perpetual contract funding rate -0.012%
On-chain monitoring found:
In the past 6 hours, whales transferred 420,000 SOL to exchanges
But at the same time, 280,000 SOL was transferred out of exchanges
3. Practical operational strategy
Short term:
Break above 150.5 to try a light long position, target 152-153
Stop loss and reverse if it breaks 147.8, target 145.5
Medium term (this week):
If it pulls back to the 144-146 range, you can build positions in batches
It is advisable to reduce positions in the 155-158 area
4. Risk warning
Tomorrow, $250 million options will expire
USDT off-exchange premium has risen to 1.03%
Tonight at 20:30, US CPI data will be released
Recently, I plan to position myself for a potential coin ready to explode; doubling is quite simple, and an expected upside of over 10 times is no problem. If you want to keep up, click on my avatar and follow me for free sharing! $SOL