Behind the explosive rise of $SOL lies a deadly trap! Divergence signals have emerged, are you still FOMO-ing?
In bull markets, there are often sharp drops; in bear markets, there are frequent spikes — SOL is currently stuck at the resistance level of 195, just like bungee jumping to the highest point, the next moment is either to continue flying or free-fall, all depending on the main force's mood!
1. Three major technical pressures!
1. Regarding MACD: Bullish energy is starting to look bloated, DIF is still above DEA, but the MACD histogram has significantly reduced in volume compared to the previous high, forming a top divergence, indicating a weakening of upward momentum.
2. Regarding MA moving averages: The short-term is overheated, waiting for a pullback. The 5-day and 10-day lines are in a bullish arrangement, but the current price of 195 has deviated significantly from the moving averages, with a high divergence rate. The probability of a pullback to the support zone around 193 is quite high.
3. Regarding trading volume: Beware of volume-price divergence: The current trading volume is 267,000, below the estimated volume (279,000), showing a volume-price divergence. If the price continues to rise with decreasing volume, the risk of a pullback increases.
2. Latest news brings three deadly traps!
1. Gas fees on the Solana chain have skyrocketed, and network congestion may suppress short-term sentiment.
2. A mysterious address has dumped 120,000 SOL; an anonymous whale address (starting with 4AxF9) transferred 120,000 SOL to Binance in batches this morning, suspected to be taking profits.
3. Net inflow to exchanges: +180,000 SOL (24h), setting a new high for the week, beware of the risk of a market crash.
Remember! In a bull market, hold your positions; in a bear market, run fast. What is your choice? --- I am Tang Seng, top-notch technical support, only serving those with vision and ambition!