"This wave of SOL's market feels like a roller coaster just soaring to the clouds, then suddenly hitting the brakes!" When the price oscillates around the $185 mark, how many old friends are staring at the screen stamping their feet? Don't panic, Wind Leopard will help you reveal the main player's bottom line!
News front: Three major benefits emerge, making SOL the new favorite for funds.
Ecological explosion: There are over 5,000 DApps on the Solana chain, NFT trading volume has returned to the industry's top three, and TVL has surpassed $9.5 billion! What does this data mean? It’s equivalent to 60,000 transactions per second, which is 8 times faster than Ethereum! For example, the recently popular NFT project 'Solana Monkey Business' had a daily trading volume exceeding $48 million, directly boosting on-chain activity. Policy dividends: Trump signs the Genius Act, requiring stablecoins to have 100% reserves in U.S. Treasury bonds, while SOL acts as the 'highway' for stablecoins, earning transaction fees for every USDT transfer! For instance, Tether recently issued an additional 800 million USDT on the Solana chain, injecting liquidity directly into the SOL ecosystem.
Institutional entry: Two institutions have submitted applications for SOL spot ETFs; if approved, it could unleash $10 billion in funds! JPMorgan said: 'SOL ETF could bring in $2-5 billion in revenue!' This operation is comparable to the market before the approval of Bitcoin ETFs!
Technical analysis: $185 is the pivotal point for bulls and bears, MACD hides mystery.
Open the 4-hour K-line chart, SOL is 'high-altitude dancing' around $176.8:
Key points: $185 is the highest point in the past three months; if it breaks through, look at $192, but if it falls below $170, it will need to retrace to $165 for support. Volume mystery: When the price rises, the trading volume decreases, indicating that the bulls have 'insufficient momentum', but also that the bears are not massively selling off, suggesting the main player may be 'sifting through chips'! For example, at 10 a.m. today, when the price surged to $184, the trading volume was only 18 million units, down 25% from the previous day. MACD signal: Red bars shrink to a line, but the DEA line is still rising, a typical 'top divergence warning'! However, KDJ forms a golden cross around 50, indicating short-term rebound demand. For instance, at 2 p.m. today, with the KDJ golden cross formed, the price rebounded from $178 to $181.
Wind Leopard's prediction: Short-term defend against pullbacks, medium-term look at $192!
Short-term script:
If $185 is not broken after a long attack, be careful of the main players 'throwing out'! It is recommended to lightly short around $178, with a stop loss at $180, targeting $172-170. If it breaks through $185, then look to go long at $192! For example, at 4 p.m. today, the price failed to break through $185 and subsequently retreated to $182, validating the resistance.
Medium-term trump card:
With ecological explosion + ETF expectations + policy dividends, SOL could see $192 in the medium term! However, caution is needed as the Federal Reserve's rate cut in July may not meet expectations; if it’s only a 25 basis points cut, it may trigger a short-term pullback. For example, if it’s a 50 basis points cut, SOL could directly break through $192; if it’s only 25 basis points, it will need to retrace to $170 to gain strength.
Let’s say a blunt truth: This wave of SOL's market, the rise is a victory for the ecosystem, and the fall is a trick by the main players! Should you increase your holdings or cut losses on the coins in your hand? Let’s discuss your trading plan in the comments!
Want to dig deep into the crypto world but can't find direction? Want to quickly master the information gap? Follow me! Real-time sharing of firsthand news and in-depth analysis, precise trade point tips, and immediate updates on crypto market dynamics!