"The daily chart of Solana is like a gluttonous snake, swallowing bullish news without releasing volume, now stuck at the Fibonacci critical point — tonight it either skyrockets to be the leader or falls back to the 30-day line like a bear!"
Technical indicators are fighting like gods
Bullish lifeline:
The purple oscillation range (164.6-168.7) has become a meat grinder; MA7 yellow line at 165.83 is the dividing line for short-term bulls and bears.
A volume breakout above the Fibonacci 0 axis at 168.66 will trigger a short liquidation in contracts (30 million in ammunition waiting)!
Air Force nuclear button:
In the chart, the MA30 blue line at 162.79 is the real bottom card, where 58,000 institutional buy orders are buried.
If it breaks below 162 with volume, the next stop will be directly at the 158 gap (weekly TD9 sequence warning)!
Volume hides tricks:
The current commission ratio of -0.13% seems balanced, but the main order area at 166.2-166.3 hides the 'sandwich strategy' —
Upper pressure at 166.30 (7,000 sell orders) vs. lower support at 166.19 (5,500 buy orders), the market maker is playing a 'scalping' harvesting machine!
The essence of Solana's market is an institutional game within a game — when even positive news from Coinbase can't push the price, it indicates market fatigue towards ecological narratives. Now, observing the BTC anchoring point is more important than technical levels:
If Bitcoin is stable, SOL can play a range-bound guerrilla war; if Bitcoin crashes, all support levels become meaningless.
The real signal for a trend change is a sudden shift in trading volume:
Breaking 168.66 requires a single hour of 50 million in volume support; falling below 162.79 will present a panic selling pressure of 30 million.
(Current volume is only 8 million/hour, not enough to ignite the powder keg)
“Bear market benefits from short selling, bull market benefits from long buying” — The current struggle of SOL at the daily central point is a typical characteristic of the end of a bear market rebound. The Solana conference on July 20 may be the last escape pod. Remember: K-lines can lie, but volume does not lie; the market makers will always turn the gun when you are about to pull the trigger. $SOL
Want to delve into the crypto world but can't find direction? Want to quickly get started and master the information gap? Click on my profile and follow me! Real-time sharing of first-hand information and in-depth analysis, precise trading point tips, and stay updated with the latest developments in the crypto world!
