Family, Brother Yang is here to discuss the trend analysis of SOL this afternoon. Today is August 8, 2025. Let's first look at the latest market data. The K-line in the last 4 hours has increased significantly compared to the previous day, but the trading volume has decreased, which usually indicates a weakening of upward momentum.

Next, looking at the technical indicators, the MACD histogram has turned from negative to positive, indicating that bullish forces are gaining strength, but the KDJ indicator shows 86, which is already overbought and often signals a short-term pullback.

Recently, there have been some major movements, with whales and institutions like Galaxy Digital collectively canceling over 280,000 SOL, worth about $45.6 million, and also depositing them into exchanges, which suggests a possible intention to sell. The SOL spot ETF (REX-Osprey) has seen a net outflow of $2.7 million in a single day, indicating that institutional confidence in the short term is noticeably lacking. Moreover, the MACD histogram has turned from positive to negative and is continuing to shorten, indicating that bullish forces are fading and bearish forces are starting to gain strength; the KDJ is not only overbought but also showing a death cross signal, increasing pullback pressure; in the moving average system, the MA10 has crossed below the MA30, forming a short-term death cross, making the downtrend more apparent.

Considering these factors, Brother Yang suggests that in terms of operations, one should short around 176.5 - 178.20, with the first target looking towards 174.2, and then towards around 172. However, the market changes quickly, so everyone must keep a close watch! #solana