$SOL currently has 200,000 giant whales moving! Behind the sideways market hides a 'bomb' signal?
The volume has shrunk to a line, and the price is swaying at a high level - the 30-minute chart of SOL is telling you in the most straightforward language: there's no momentum for a breakout, no courage for a pullback, and both bulls and bears are waiting for signals.
1. Latest technical news!
1. Although the MACD is still above the zero axis, DIF and DEA have not turned negative, but the MACD histogram (1.34) is getting shorter, indicating that the bulls are losing strength, just like easing off the gas.
2. What's more troubling is the trading volume, which is less than 250,000 and only a fraction of the 5-day average volume of 1.09 million; there is basically no one in the market, purely a self-indulgence of large holders.
3. In terms of moving averages, the price is swaying between MA5 and MA10, with 200 dollars becoming a lifeline; if it breaks below, 195-190 is very likely not to hold.
2. Latest on-chain news!
1. The good news is that there are still new projects launching in the Solana ecosystem; the chain is not completely cooling down;
2. The bad news is that the NFT market is underperforming, and the speed of capital entering is slow.
3. On-chain, a giant whale was also caught transferring 200,000 SOL to the exchange; although it hasn't dumped yet, it's clearly not there to hold.
Remember! Bull markets rely on charging, sideways markets rely on waiting; it's not about who makes money faster, but about who lives better.
I am Tang Seng, top technical support, only serving those who have vision and ambition!