Family, today Hao Ge is here to talk about the price movements of Solana (SOL).

First, let's look at the technical signals and bullish-bearish momentum. The MACD histogram has been continuously shortening, indicating that bullish momentum is weakening, so everyone should be cautious of a short-term pullback. Next, the RSI is now greater than 70, entering the overbought zone. If the price cannot break through $202, it is likely to trigger profit taking. Additionally, the volume-price relationship is not great; although the price is rising, the trading volume is shrinking, which indicates insufficient upward momentum, and the subsequent rise may be a bit uncertain.

However, if SOL can hold above $202, the situation will be different, and the price could accelerate to $210 - $223, with a potential increase of about 7.6%, which is quite enticing.

Now, let's talk about the on-chain capital flow. Recently, whales seem a bit restless, with many addresses transferring SOL to exchanges, including a transfer as high as $17.45 million. Clearly, some whales are locking in profits and preparing to cash out. This will definitely have a certain impact on the price.

But not all news in the market is bad; there is a trader holding a 20x leveraged long position of 85 million SOL, with a floating profit of $4.6 million in 24 hours, which shows that the strength of this long leverage is quite strong. However, high leveraged positions are also very dangerous and can easily trigger significant price fluctuations.

There is also a positive phenomenon: a new wallet has withdrawn 92,000 SOL from Kraken, worth about $1.678 million, which is likely a signal to buy on dips. This indicates that there is still capital optimistic about SOL's subsequent performance, taking the opportunity to enter.

My operation guideline today is to short around $207.20 - $209.35, initially targeting $202.85. If the downtrend continues, we can look at $199.68.#solana