The Great Revelation of SOL's Mid-Term Trend: $196 Becomes the Key Support, Can Policy Dividends Offset Hacker Risks?
Currently, SOL is fluctuating between $205 and $207, rising slowly but steadily. The short-term support level is at $196, where a rebound may occur if it drops here; upward resistance is at $207-$209, and a breakthrough is needed to continue the rise.
The news is polarized: the new U.S. government appointed the founder of the Solana wallet as a policy advisor, causing ecological tokens to surge across the board, with TVL rising 65% in a month; however, the Jupiter exchange was just hacked for $50 million, which may scare off investors in the short term and trigger a price correction.
From a technical perspective, trading volume is increasing but MACD momentum is weakening, and the Bollinger Bands are narrowing, indicating a direction may soon be chosen, while the moving averages are in a bullish arrangement, and the long-term trend remains intact.
Personal Opinion: Don't chase highs in the short term; wait for a pullback to around $196 to enter; in the medium to long term, look at policy dividends and ecological expansion, with a target price of $215-$230.
Risk Points: Before the impact of the hacking incident dissipates, prices may continue to fluctuate; it's advisable to control positions and pay attention to institutional fund flows.
Core Logic: Policy benefits support the mid-term trend, but short-term security incidents hold it back. $196 is the lifeline; if it holds, it can continue to rise, but if it breaks below, it may test $185!
I will continue to position myself strategically! Rather than fumbling around and failing to capture the best entry and exit points leading to losses, it's better to follow me and come directly if you agree.
