Brothers, SOL is all about the thrill right now! Latest price 163.09 USDT, definitely the dividing line for bulls and bears. In technical terms: it's oscillating narrowly between 164.72 resistance and 160.27 support, with 163 being the short-term lifeline! A volume breakout above 165 can open up space to see 170; effectively dropping below 160, be cautious of a deeper pullback. The order ratio is slightly positive (+0.11%) but trading is dense, indicating that big funds are also watching.
Pay close attention to the August news: the dynamic of ecosystem 'fundraising'! This is a potential tailwind—if new projects explode or fundraising goes smoothly, SOL could take off; if it falls short of expectations or encounters regulatory headwinds (like the SEC making moves), prices will be under pressure.
Mig's viewpoint:
Short term (1 week): If 163 holds, there is still hope; if it breaks 160, better to run for safety! Don't heavily bet near 163.
August script: I see a crouch before the jump! As long as there is real good news in the ecosystem (like the 'fundraising' landing shown in the picture), and Bitcoin doesn't collapse, a breakout above 170 is hopeful after gathering strength. SOL has a solid foundation and is still the leader of the 'fast chain'.
Operation:
For those holding: Keep a close eye on the 160 support, reduce positions if it breaks.
For those wanting to get on board: Break above 165 and hold steady before following, or buy low between 160-162 (strict stop-loss at 159.9)! Refuse to chase high prices!
Folks, the multiple-choice question is here! This troublesome little demon SOL, will it hit 170 with a foot on the gas in August, or will it drop below 160 and call for help?
Are you part of the 'bullish iron army' or the 'bear death squad'? Follow Mig, professional market watcher, precise bottom-fishing/top-catching! Just do it!