Brothers, the great sage has arrived! Today we're focused on the SOL market, feeling like watching a battle of deities—the bulls want to kick open the ceiling, while the bears are fiercely defending the 220 line. Right now, the price is stuck at 216.65, it's like dancing on the edge of a knife!
On the latest news front, the Russia-Ukraine war has escalated further. BTC, ETH, and SOL, as leaders in the ecosystem, have benefited from rumors of 'BlackRock’s fund buying SOL for the first time,' but market sentiment has indeed been ignited. On-chain data also shows that a certain whale transferred 200,000 SOL to the exchange in one go this morning. Is this guy preparing to dump or pump? We need to keep a close eye on on-chain movements!
The technicals are similar to what I predicted yesterday: the MACD golden cross is still supporting, but the volume is not keeping up. When the early morning surge reached 218, the volume clearly shrank, like a sports car with the fuel gauge showing red—no matter how fast it goes, it can't run far. Now the Bollinger Bands are beginning to constrict, with a dense stack of sell orders in the 217-220 resistance zone above, while the support at 209 is quite solid. If this level breaks, it is highly likely to retest the 205 gap.
My personal opinion is very clear: don't chase the price below 220! The risk-reward ratio is too poor at this level; I would rather wait for a confirmed breakout or a pullback to buy more. Do you remember last month’s false breakout with SOL? It surged to 219.8 and then was pierced down to 205. History won't repeat itself simply, but it will rhyme. If it really breaks above 220 with volume and holds, I will consider chasing it to see 225; otherwise, I’ll wait to pick up cheap chips.
Tonight, after the U.S. stock market opens, there might be new developments regarding ETFs. What do you think about that whale's 200,000 SOL—is it a bomb or a rocket? Drop your opinions in the comments! $SOL #资金涌入推动SOL上涨
