180.4, this line is not just a price; it’s a knife sharpened by the struggles of both bulls and bears!
Chained Brother is currently monitoring the SOL one-hour chart; this trend is stuck around 180.4, unable to move. The price is fluctuating between 180.43, 180.42, 180.41, and 180.40 for hours, with both sides locked in a tug-of-war. What’s more concerning is that trading volume has been throttled, shrinking from 4 million to 2 million, and then down to 984,000, with most onlookers gone, leaving only a few die-hards standing firm. This extreme low volume sideways movement often heralds an approaching market change; the bigger the waves, the more expensive the fish, and a wrong direction can easily turn into a shipwreck.
Why is 180.4 the dividing line? To push upwards, it must be supported by real money standing firmly at 180.5 or even 181, and the volume must explode like fireworks to consider that the bulls have won the defense of the 180.4 high ground. Only then will there be potential for a rally. The news from Coinbase launching SOL perpetual contracts today is a minor positive, which may attract incremental funds, but the overall environment is under the hawkish pressure from the Fed, making it hard for SOL to stand alone.
Looking down, the support levels are layered:
First line of defense 178.8-178.0: If a large bearish candle breaks through, it indicates a bear market advantage, posing short-term danger.
Second stronghold 176.0-174.99-174.0: A dense trading area from the end of last year, with concentrated cost lines; breaking through this will turn market sentiment cold.
Deep support from 172.0 to 160.0: If it truly drops to this point, it would be a deep correction, causing significant damage.
Ultimate fortress 158.39: Short-term solid bottom, hard to reach unless it's a black swan event.
Chained Brother's View: This calm before the storm is reminiscent of the night before the market changes in April. A large order or a key piece of news could ignite the direction. Currently, the shrinking volume suggests weakness in upward momentum, and the expected positive news from Coinbase seems to be coming true, with a higher probability of testing support downwards. But the magic of the crypto world is that a single large bullish volume can instantly reverse the sentiment! The core focus is on who will show volume first - breaking 180.5/181 is the charge signal, while dropping below 178.8/178.0 is a retreat signal.
Operation heart-to-heart:
Control your hands and don't gamble on direction: Chasing after fluctuations in sideways markets is equivalent to giving away transaction fees.
Watch the signal flares and ammunition closely: Key levels 180.5-181 and 178.8-178.0 must be accompanied by a return of volume to over 2 million; otherwise, it’s just a false move to mislead traders.
Wait for the market to flip the table before following the trend: Patience is key for clear direction and volume before acting.
Keep a close eye on news triggers: SOL ecosystem dynamics or sudden regulatory actions in the crypto circle could ignite the market.
Conclusion: SOL is currently grasping the throat of fate! Is it a desperate counterattack aiming for 190, or will it exhaust itself and fall to test the abyss at 175? The answer lies within the upcoming candlesticks and volume secrets!
Fans, are you betting on a bull market or is the bear market gaining strength?
Brothers holding positions must keep a close eye on support and resistance levels; a single misstep can be painful.
Chained Team is capturing market fluctuations and sudden news in real-time, decoding the moments of increased volume.
Want to know my golden entry points? Want to understand the rules of stop-losses? For in-depth strategies and real-time reminders, quickly find Chained Brother!
The market doesn’t wait for anyone; focus on the tightening and breaking through the fog to grasp the turning point. Is this SOL market change a breakout or a drop? Chained Brother holds the key.
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