"A line separates heaven and hell, tonight SOL will write the ending with retail investors' blood on the K-line!"
News surprise: Whale movements + positive ecosystem support.
According to on-chain data monitoring, large orders for SOL have recently appeared intensively in the 192-196 range, suspected to be the main force's suppression and accumulation! Meanwhile, the Solana ecosystem has recently welcomed significant updates—NFT protocol expansion + DeFi protocol Gas optimization, with technical upgrades hiding explosive potential. If we break through key levels at night, it's highly likely that large holders will pull up prices, releasing favorable news!
Technical analysis dissection: The narrowing of the Bollinger Bands hides the danger of a trend reversal.
The current 1-hour K-line is closely testing the middle band of the Bollinger Bands (182) repeatedly. The bullish volume continues to shrink, but has not significantly broken the support, indicating a strong wait-and-see sentiment in the market. Resistance above is at 185 (Bollinger upper band + previous high resonance), and support below is at 175 (Fibonacci retracement 38.2% + bullish defense line). If we stabilize at 182 tonight, we will surely rush to 185 or even pierce through 190! Conversely, if we break 180 with volume, the bears will directly pounce on the deep pit at 175!
Mig's exclusive view: The main force is acting, don't be fooled by retail investors!
I believe the main force is deliberately creating a 'sideways false impression', suppressing prices through limit orders to wash out positions, while secretly accumulating! The key is whether 182 can break through with volume—if it breaks, we’ll accelerate upward; if blocked, we may retest the bottom. But be cautious! The fundamental situation of the SOL ecosystem has not worsened; a sharp drop presents a buying opportunity, and the support at 175 will definitely be defended by the bulls!
Blind operations = losses! Follow Mig closely, learn professional thinking and strategies, and say goodbye to trading based on 'gut feeling'! Click the profile picture; change starts with following!