Today's #SOL moving averages are arranged like a stack of blocks, all neatly moving upwards, and trading volume suddenly increased by 40%. However, the resistance level at $206 is like a wall, firmly suppressing the upward momentum! But I dare say, this is the calm before SOL's explosion!
Why are you so sure?
The global financial giant MultiBank Group just announced the launch of SOL trading, which is no small deal—it's like opening a VIP channel for institutions, and the gate for large funds has already opened!
More importantly, the SEC is set to release DeFi easing policies next month. If it's clear that decentralized exchanges do not require licenses, SOL could take off directly! However, there are variables; competitors like SushiSwap and Curve are grabbing users with flexible market-making solutions. SOL must successfully test the new version by July 24 to secure its position as the leader!
The technical indicators have already shown signs of a surge: although the MACD has weakened a bit, it hasn't crossed into a death cross, and the RSI remains firmly in the bullish zone. The Bollinger Bands are opening up like a pocket, just waiting for the main force to pull it up!
In the short term, it's highly likely to wash out around $200-$206. Once it breaks through $206, we can look directly at $215. As long as BTC doesn't lag behind, pushing towards $240 before August is not an issue!
In the medium to long term, it's even more aggressive. If the ETF is approved along with a successful Firedancer upgrade, SOL could start at least at $300 by the end of the year, and $500 is not a fantasy!
There will be suitable entry opportunities during the day. Di Ge will be the first to layout and bring fans in. If you want to follow Di Ge's strategy, you can hit me up!!!
