Is $204 just the starting point? The SOL 'Institutional Gold' narrative explodes! Is it a trap or a once-in-a-decade opportunity? Old Zhao teaches you step-by-step to refuse to be a victim!

Today, looking at the market, SOL skyrocketed directly to $204, surging 12% in 24 hours! The entire crypto circle exploded, even my dog is barking at the K-line chart (just kidding). But seriously, this wave of market comes suddenly and fiercely, institutional big shots are playing a big game — Nasdaq-listed DeFi Development Corp just announced they hoarded 999,990 SOL, just one short of hitting a million! All coins are staked to earn interest, treating SOL like digital gold.

The logic behind the surge.

1. Institutional Whales:

In addition to DeFi Development Corp crazily sweeping up 141,383 SOL, the REX-Osprey SOL staking ETF scale has approached 100 million dollars! Institutions are not here for short-term trading, but for mining-style hoarding, reinvesting interest to snowball. This type of play has a far greater impact on the market than retail chasing highs.

2. Ecological Carnival:

Look at the performance of SOL's little brothers: RAY skyrocketed by 21%, the meme coin PENGU surged by 20%, JUP shot up by 17%! The funds are not just pulling the leaders, but spreading across the board, indicating that capital recognizes SOL as the next ETH-level ecosystem.

Old Zhao sees two dangerous signals.

1. RSI surged to 79.31, extremely overbought; in the past two years, every time it reached this position, it quickly retraced by 10%-15%.

2. The 4-hour chart shows an ascending wedge; the $188 level is repeatedly tested without holding, beware of false breakouts.

But don’t panic! There are clear signs of institutional buying support:

Every time it hits $175, it is immediately caught by a million-dollar buy order, like it's equipped with a trampoline.

Old Zhao's perspective:

If there is an effective breakthrough at the $215 high position from two months ago today, it may sneak attack $230 tonight! Pay close attention to the Coinbase large transaction screen; if there are consecutive $500,000 buy orders, it's the charge signal!

Breaking below $188 requires caution, the first support is at $193, and if broken, watch for $189.

Is this wave of market an opportunity or a trap? Follow Old Zhao, who will guide you to layout in advance and refuse to be a victim.