From the trend of SOL, it is highly likely that this wave of decline has come to an end. The 156-158 range has formed a key support, coinciding with a strong support level at the significant Fibonacci retracement level, which has been tested multiple times without breaking down, and the buy signal is already clear.
By inference, Bitcoin's support around 112000 is also of reference significance. Considering the current market, it is highly likely that this week will see fluctuations and consolidation in the 112000-116800 range, building momentum for future movements. Many bloggers are declaring the end of the bull market and targeting 106000, clearly overlooking the upward turning tendency of the daily MACD, making such a short-term bearish logic inevitably biased.
Following the rhythm, from mid-August onwards, the upward fluctuation pattern is expected to continue. The swing opportunities in the blockchain market are often hidden in the divergences, and the stabilization signal of key support levels may be more worthy of attention than mere point speculation.
