【SOL Technical Analysis】Key support at 196 holds, can the mid-line target of 240 be expected? Institutional funds are quietly positioning!
SOL rose slightly by 0.48% today, currently hovering in the $205–207 range. Although there has not been a strong breakout, the overall structure remains robustly upward.
The current market is in a tug-of-war between "policy advantages" and "safety risks," with a directional choice imminent.
1. Key Technical Level Analysis | Clear Long-Short Battle Points
Support Levels: 196 (Strong Support) > 185 (Trend Lifeline)
Resistance Levels: 207 (Intraday Pressure) → 209 (Breakout Initiates Acceleration)
Bollinger Bands Narrowing: Volatility has compressed to an extreme, indicating a directional breakout within 72 hours
MACD Signal: DIF and DEA difference converging (-0.78), momentum pauses but has not turned bearish
2. News-Based Long-Short Battle | Ecological Prosperity and Black Swans Coexist
Significant Positive News:
Solana wallet founder appointed as a US policy advisor, ecological political endorsement upgraded
TVL increased by 65% month-on-month, user activity and institutional fund inflows continue to rise
Risk Events:
Jupiter Exchange suffered a hacker attack (loss of $50 million), short-term sentiment under pressure
Regulatory uncertainty remains, some investors take profits
3. Operational Strategy | Gradual Positioning with Strict Risk Control
Short-term Traders:
Focus on the 207–209 resistance zone, if a volume breakout occurs, can lightly chase long (stop loss at 203)
If it stabilizes in the 196–200 range on a pullback, can build positions gradually (stop loss at 185)
Mid-term Positioning:
Continue to accumulate above the 196 support, targeting 215–230
If the hacker event does not trigger systemic risk, a pullback will be a buying opportunity
Risk Reminder:
Strictly adhere to position management (single position ≤10%), avoid high leverage operations
4. Core Viewpoint
The medium- to long-term trend of SOL remains unchanged, with policy dividends and ecological development forming basic support.
The current technical aspect needs to wait for volume signal confirmation of direction, with 196 support becoming the dividing line between long and short.
Investors can gradually position during the volatility phase to avoid chasing highs and selling lows.
