Federal Reserve official calls in the middle of the night: Digital assets are not scary! Is SOL going to blow up the shorts today?!
SOL is once again experiencing a rollercoaster market, with a sharp drop last night making many people sweat.
Technical Analysis: $179 is the critical line of life and death.
From the 1-hour candlestick chart, SOL is currently oscillating in the $179-$190 range. How important is this position?
Support level at $179: Historical bottom area, with 43% of holders' cost concentrated here, equivalent to the regulatory line for crypto housing prices, with a very low probability of breaking.
Hidden secrets in moving averages: The 5-day and 10-day lines are intertwined, indicating fierce short-term bullish and bearish battles. However, the bearish power has weakened after the MACD death cross, and the KDJ indicator has reached the oversold zone, making a rebound imminent!
Truth about trading volume: Although there was a 6% drop in 24 hours, the volume did not increase, indicating that the main force has not fled, and the probability of a washout is high.
News: Three favorable factors support the market, and institutions are quietly bottom-fishing.
1. Federal Reserve suddenly changes its tone.
At the Jackson Hole annual meeting today, Federal Reserve official Waller stated: There is nothing scary about digital asset innovation! He even hinted at exploring tokenization and smart contracts. This is equivalent to giving a shot of adrenaline to the crypto market, as Waller is a popular candidate for the next Federal Reserve Chair!
2. Hong Kong regulation brings peace of mind.
Hong Kong's stablecoin regulations require 100% collateralization + quarterly audits, with a violation resulting in a fine of 50,000 HKD and imprisonment. Compliant stablecoins will benefit directly, and Solana, as a public chain favored by institutions, will attract a large amount of compliant funds!
3. The Solana ecosystem is going crazy.
Institutions like BlackRock and Fidelity are issuing tokenized government bonds through Solana. RWA (scale has exceeded 50 billion)! Meme coin factories are launching an average of 10 new coins daily, with tokens like BONK and WIF attracting over 1 billion, directly boosting SOL demand!
Personal Opinion: The oscillation is fake, the explosion is real!
From a technical perspective, SOL has strong support near $179, while news factors include the Federal Reserve's policy shift + favorable Hong Kong compliance + explosive ecosystem as three driving forces. It may continue to oscillate in the short term, but $179 is the golden pit!
Special recommendation from Te Ge:
Aggressive: Gradually bottom-fish between $179-$183, stop-loss at $175;
Conservative: Wait for a breakthrough at the $190 resistance level to chase, target at $200+!
Remember, the crypto market never lacks opportunities; what it lacks is patience! Now, are you ready to embrace SOL's golden era?
Te Ge's sickle is faster than the market makers'! Follow me, and I'll teach you how to counter the market cuts! #solana #美联储7月会议纪要
