Brothers, wake up! ETH just broke 3000, BTC is steady at a high of 115,000, and the crypto circle is in a frenzy! SOL dramatically pierced strong resistance overnight, staging a comeback! Combining the latest data (corrected data source), let's hit the battlefield today:
Key battle: The high ground of 163.8 was breached this morning
It’s clear now - the 163.8 USDT shown in the chart was once an ironclad resistance, failing three assaults. But taking advantage of ETH breaking 3000 early this morning, SOL bulls surged violently, with the latest price hitting 168.86 USDT (as shown in the peak)! This means the short defense line has been completely torn apart, and the bulls have taken the strategic stronghold! Technical consensus: a genuine breakthrough has been established, bullish signals are full!
Ultimate goal: Aim for the previous high of 171.5!
After breaking 163.8, firepower fully opens up towards the previous high of 168.86. If it can stabilize here with significant volume, the upward space will be completely opened! Note that 171.5 USDT above is the ultimate test. Today's altcoin sentiment is extremely enthusiastic, and the probability of SOL breaking through is very high!
Defensive structures: Two major supports to cushion!
First defense line: 163.8 has become strong support after breaking; a pullback that does not break indicates a signal to increase positions!
Second depth: 157-159 zone (50%-61.8% Fibonacci retracement) - a historically dense trading area, a must-contest for bottom-fishing funds!
Timing revelation: Three major engines pushing forward!
ETH breaking 3000 ignites the altcoin season: under the effect of capital overflow, SOL, as the leading public chain, enjoys the first benefits!
The bears suffered a loss of 970 million last night, and the short squeeze trend continues to ferment, forcing liquidation orders to add fuel to the fire!
Institutional reallocation trend: Whales like MicroStrategy are shifting to ETH/SOL allocation, resulting in a significant change in buying structure!
Concise commentary:
The breakthrough of SOL this time has high significance - volume breakout + market resonance! Remember when ETH hit the low in April, who expected the counterattack today? The point of consensus reversal is the starting point for huge profits! The current SOL performance is reminiscent of ETH breaking through 3000 on the eve, with institutional reallocation confirming the logic of altcoin value reassessment!
After a sharp rise, there will definitely be profit-taking pressure; pay attention to the first test results of the resistance zone between 168.86-171.5;
Keep an eye on BTC/ETH movements: If the big brother loses the 115,000/3000 threshold, SOL will be under pressure;
Strict precautions! 163.8 must not be effectively broken (determined by daily closing price), or the trend will weaken.
Practical tips:
Holders: If 163.8 is maintained, let profits run! Adjust the floating stop loss to 165; a break above 168.86 allows for increased positions.
Observers: Avoid chasing highs! Enter on the right side after stabilizing at 163.8 or breaking through 171.5 with volume.
Iron rule: Set stop loss 2% below 163.8 or at the 157 defense line; surviving is essential to profit!
#SOL空投
Currently, all news and technical aspects are bullish; build positions by 'buying on dips'! If you don't know at what price to enter, click on my profile picture to see me guide you step by step! Supported by a top-tier team, only serving ambitious individuals!
SOL has broken through, aiming straight for the historical peak of 171.5! Is it the bears setting an ambush for a counterattack at the high of 168.86, or will the bulls take advantage of the altcoin season to flatten the previous high in one go? Brothers, hold tight to your stop loss line and keep an eye on the 163.8 lifeline - today's SOL offensive and defensive battle will determine who sits on the throne of altcoins! The outcome will be revealed in the market, waiting for you to battle!