SOL Card $199 Lifeline! A single statement from Powell determines liquidation or wealth accumulation
Core Signals
Fed sensitivity to news: During Powell's speech, SOL quickly surged to $199.6 (green arrow) as the market reacted positively to the expectation of 'easing', but then retreated, indicating that high-buying funds are cautious. Key resistance level: $199 (red horizontal line) serves as short-term pressure, having failed to break through twice; the market is primarily in consolidation until $200 is surpassed. MACD momentum weakening: Although the red bars show bulls in control, their height is shrinking, indicating a stalemate between bulls and bears; direction needs a catalyst to wait for. Key reference levels: Break above $200: target $205; fall below $197, a dense chip area may revisit $195-192.
Operational Strategy
Short-term: Avoid chasing highs! Wait for a pullback and stabilization at $197 before lightly entering; if it breaks above $200 and confirms stability, you can follow the trend. Long-term: Ignore hourly fluctuations; Fed policy shifts are expected to be beneficial for cryptocurrencies, mainly holding spot.
Summary
Currently, SOL is in a consolidation phase dominated by news; direction selection must wait for Fed policy signals or market sentiment to ferment. Operate less in the short term, and hold spot steadily in the long term as a prudent strategy.
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