Yang Ge Discusses SOL: Market Outlook for the Afternoon of July 23

Brothers, let's talk about SOL's market this afternoon. From a technical perspective, the bearish momentum on the 4-hour chart has noticeably weakened, and there is a possibility of a golden cross on the daily chart. If this golden cross is confirmed, the bullish trend will be even more stable.

Currently, the RSI is at a neutral position of 50, neither high nor low. After a previous oversold rebound on the 4-hour chart, there hasn't been any divergence, indicating that there is still potential for upward movement in the short term.

However, the key to the afternoon's trend depends on two points: whether the support at $201 can hold, and how stable the Bitcoin market is. Although the technical outlook is leaning bullish, we need to be cautious about potential delays in ETF approvals or sudden regulatory actions from the SEC.

In the short term, keep an eye on the $201 level; if it breaks, we can look at above $208 for a safer approach. Looking at the medium to long term, SOL's AI and DePIN ecosystem are quite promising, so after a significant drop, we can gradually build positions.

Today, I suggest buying near $196, first targeting $201, and if it breaks, then look at $206. Everyone, please pay attention to risk management, okay? #sol