Today, SOL is fluctuating between $197 and $201, having risen 3% in 24 hours, and an even greater 25% in the weekly line! This wave has already broken through the double cup handle pattern that the technical analysts talked about, now entering the high-pressure zone of $195-$217. How many people got stuck here last December, now there's considerable selling pressure, but the bullish momentum is still quite strong.
Today's script: first shake, then surge!
Can it hold? Strong support at $195-$192, if a black swan attacks, $178 may be tested, but the probability is low.
Can it move? The first hurdle is $200. If it stands firm, it can touch $217. If this position breaks, it basically confirms a bull market.
Lao Zhao's operation suggestion: If it pulls back near $190, close your eyes and buy. The open interest in derivatives is $11 billion, with 73% being long positions, so the risk of a crash is low; if it breaks through $200 with volume, chase it directly to see $217, whale accounts on-chain are still increasing their positions above $200.
Positive news adding fuel to the fire:
Institutions are frantically buying ETFs: The SSK staking ETF has raised $100 million in just 12 days, and as the scale expands, institutional FOMO could push SOL above $220.
Meme coins setting the trend: The LetsBonk platform's share soared from 5% to 64% in one month, with 26,000 new coins issued in a single day. PENGU and BONK have risen over 15% this week, with retail investors following the trend adding fuel to SOL.
Ecological energy boost: TVL (Total Value Locked) has surpassed $10 billion, developers are updating code 63 times daily, and activity has reached a two-month high—this is all hardcore support.
Negative hidden dangers lurking:
Overheated sentiment: Social discussion heat has surged to 8.9%, historically, such high FOMO often accompanies short-term pullbacks.
Macro bomb: On July 30, the U.S. CPI data will be released. If inflation rebounds, the entire market could plummet; tonight's Federal Reserve speech may also be hawkish, so contract traders need to be cautious.
Lao Zhao's viewpoint:
Today, there is a high probability of fluctuating between $188-$203 to build momentum. If it can hold above $200 by the end of the day, the hope of reaching $217 this week is very high.
Ecological vitality and strong funding, $240 is not a dream, hold the spot firmly and don't shake your hands!
The last line of truth: This wave for SOL is a combination of technical breakthrough + institutional rush + ecological explosion. A pullback is a golden pit, but remember, the small tokens go to zero, while the leaders live on! Is this wave of market an opportunity or a trap? Follow Lao Zhao, hand in hand to help you layout in advance, refuse to be a leek #山寨季來了？ $SOL
