📊【SOL August 1 Evening Market Review】
•Latest closing price: approximately $169, down 5.3% for the day, with a 24-hour trading volume of approximately $7.52 billion, market activity increased
•Weekly performance: Closed at $177.88 on July 31; dropped to $169.21 on August 1, a single-day decline of 8.5%, marking the largest drop in seven days
⚙️Technical Structure Indicators:
•RSI: Decreased to approximately 55, sentiment has shifted from neutral-bullish to the neutral area
•MACD: Still in a bearish crossover state, no signs of reversal
•Trading volume has significantly increased, short-term funds are flowing but the direction is still to be confirmed
📍Support/Resistance Zone Countdown:
•Initial support set at $169–170; if broken, it may further test lows down to $165
•Short-term resistance is in the $175–177 range; if breakout volume supports, a short-term rebound to $180–185 can be expected
💡Market Hotspots Overview:
•Multiple institutions have submitted revised documents for SOLETF, and the market is still awaiting progress in the compliance process
•Market rumors indicate that large whales are continuously accumulating during this decline, aiming for a bullish mid-term outlook
•Weekly fund flows show continued growth in crypto ETF product inflows, with a slight increase in market risk appetite
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