$SOL Cards, the 180 Life and Death Line! Stalemate, don't make moves on either side
SOL is now stuck around $179, as stagnant as a "zombie market"! There is strong resistance at $183 and $190 above, with weak support at $175 below, making it hard for the market to breathe.
News front is stagnant: The CPI has just been digested, and interest rate cut expectations have already been fully absorbed by the market. There are no new positive news or black swans; even Musk selling Bitcoin can't change the rhythm.
Technical front is flat: The channel is narrowing, with volatility so low that market makers are reluctant to act. RSI/MACD are all "dozing off," and even golden crosses and death crosses can't emerge.
Longs and shorts are cutting each other: Whales are bottom fishing near $175 and dumping near $183, repeatedly cutting retail investors. On-chain data shows the price is locked in a consolidation range.
What happens if you jump in?
Face-slapping from both sides: Going long at $180? The selling pressure wall at $183 will teach you a lesson in seconds. Bottom fishing at $175? If it breaks, you’ll be directly catching falling knives. The volatility space is small, and transaction fees are higher than profits, essentially working for the exchange.
What are institutions waiting for?
Coinbase has launched 5x leverage perpetual contracts, but smart money isn't following; on-chain staking volumes are at an all-time high, yet the price is stagnant—large funds only dare to layout long-term, with the short-term being all about waiting.
Breakthrough at $183: If it stabilizes above $183 with volume, the bulls are getting serious, looking short-term at $190, closing eyes to chase longs has a high win rate. Breaking below $175: If it breaks down with volume at $175, run quickly! The next key accumulation zone is at $171, and it could even drop to $160. The longer the consolidation lasts, the more violent the breakout: this stagnant water oscillation could either be the calm before the storm or a "long-term constipation," but either way, it's better than making blind trades. Remember: when there’s no direction, not trading is the best trade!
Still unsure how to operate in this market? Follow me, I’ll give you strategies, and execution is up to you! There are only so many positions; the quick will have, and the slow will miss!
