Bitcoin Linked Alert! $SOL 43% Retail Investors Deeply Stuck or Trigger On-Chain Selling Wave?
The 1-hour K-line chart for SOL today shows a price rebound approaching the critical support level of 187.93. The MACD histogram has turned positive, and the golden cross of the moving averages indicates a bullish resonance, but the KDJ value of 81.3 shows short-term overbought conditions.
On the news front, CMB International has issued tokenized public funds on the Solana chain, with institutional holdings exceeding 3.5 million tokens, and the annualized staking yield remains at 6%-8%, attracting long-term capital.
On-chain data reveals 165 locations where 35 million SOL chips have accumulated, forming strong support, but the percentage of short-term holders with unrealized losses has reached 43%, necessitating caution against potential selling pressure triggered by Bitcoin's pullback.
Currently, attention should be paid to the breakthrough of the resistance level at 213.66. If effectively breached, it may trigger short-seller stop-loss orders, pushing the price towards the 250 area; conversely, vigilance is required against a loss of the 187.93 support level that could cause a chain reaction.
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