《A Sudden Drop is Like Free Money! Buy the Dip at 190 for SOL, Don't Miss This Once-in-a-Decade Opportunity!》
"Market trends are born in despair and move forward in hesitation—this famous quote from Soros perfectly encapsulates the current long-short battle for SOL."
Technical Analysis:
From the 1-hour chart, SOL is playing a 'return run' within the range of 190-215 USD. The current price of 204.87 is stuck at the Fibonacci 0.382 key level, much like a basketball stuck on the edge of the hoop—if it breaks upwards, it signals a new wave of momentum; if it drops down, it may test the support strength at 190.
Notable are the three resonating technical signals:
1. The MACD histogram is flattening near the zero axis, indicating a temporary balance of long and short momentum.
2. Trading volume has significantly shrunk compared to the previous day.
3. The price is being pressed below multiple moving averages, indicating a weak short-term trend.
Do you remember last month when SOL repeatedly tested the bottom around the 200 USD level? After consolidating for 26 hours, it suddenly surged past the 210 pressure level, driven by the news of "Solana phone pre-sales exceeding expectations". While history doesn’t repeat itself simply, the scripts of capital battles often share similarities.
News Front:
Coinbase's institutional report shows that the staking volume of SOL increased by 12% week-on-week.
The trading volume of Solana's NFT ecosystem has surpassed that of Ethereum Layer2.
However, net outflows from Bitcoin ETFs may weigh down the overall market.
My Judgment:
The support level at 190 is likely to hold, but breaking through 215 requires two conditions to be met—Bitcoin stabilizing above 68000 + hotspots emerging in the SOL ecosystem.
In the short term, it is more likely to maintain a range oscillation between 195-210, suitable for grid trading to capture volatility profits.
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