$SOL |August 23 10:30 Morning Market Analysis
Binance spot around $198, 24-hour low $177, high $202; Compared to the support of "182 to 183, resistance of 188 to 190, breaking 190 looks to 195 to 200" provided last night at 8 PM, today it has effectively broken above and tested the 200 level, confirming the continuation upward. Technical Analysis: The SOL technical overview from the Binance channel shows RSI around 67, MACD positive, ADX around 25, short to medium term gives a “Strong Buy/Buy”, momentum and trend resonate, with pullbacks mainly supported near the moving averages. On-chain/Operational: The Solana status page shows that “all systems normal” for nearly 90 days, with no incidents reported recently, and no additional fundamental disturbances. Policy/News: The SEC has postponed the decision period for Solana-related ETFs from 21Shares and Bitwise until October, with short-term uncertainty still present, but it is not a direct negative impact. Derivatives Sentiment: Contract funding rate (8 hours) on Binance is about +0.01%, longs are paying, leaning towards long but not overheating.
Operating Suggestions (prioritizing win rate): Buy on pullback: Buy in batches at $194 to $196, risk control at $192, targets at $201 and $205; Follow the breakout: If it effectively breaks above $202 with volume and retraces without breaking, increase position looking at $210; Invalidation: If it falls back below $189 with volume, reduce leverage on short-term longs, observe for a second confirmation at $185 to $186.
The above prices and ranges are based on Binance spot, strictly execute stop-loss and position discipline.