The market is born in despair, rises in hesitation, and perishes in madness—perhaps the script of SOL is currently writing the chapter of 'hesitation'!
Recently, many people have been asking me: "Is SOL about to take off?" Today, let's get straight to the point—current SOL's trend is like a spring compressed to the limit; with a slight release, it can bounce to the sky, but if it is compressed too much, it may also fall into a pit. The key is whether the $215 'ghost gate' can be crossed!
Technical analysis: Bull and bear are fighting, but the bulls are secretly building up strength.
First, let's look at the 1-hour K-line: SOL is currently stuck around $214, with $215 above as the 'high-pressure line', $210 below as the 'lifeline', and $199 further down as the 'iron bottom'.
RSI indicator: The value is hovering around 55, indicating that the bulls are slowly building strength, but it hasn't reached the point of 'crazy growth'.
Trading volume: Recent trading has clearly shrunk, this does not mean that no one is playing anymore, but rather that large funds are holding back for a big move—like crouching in the grass before a battle, waiting for the right moment to charge!
Long Ge's view: $215 is the 'line of life and death'! If it breaks through with volume, SOL may directly rush to $225-230; if it can't break through, it may pull back to $210 to seek support. But $199 is the absolute bottom line; if it falls below this, you need to run, don't hesitate!
News: A huge investment of $1.65 billion has entered, is SOL about to 'take off'?
The news on September 8 exploded—Forward Industries relied on the Solana ecosystem for $1.65 billion, with lead investors being 'big names in the crypto circle' like Galaxy Digital and Jump Crypto! This money is not for burning, but to be invested in the Solana ecosystem, such as building a digital asset treasury, developing, attracting users...
Long Ge's interpretation: This is equivalent to giving SOL a 'rocket booster'! The fact that institutions dare to invest so much money shows they are optimistic about Solana's long-term value. The combination of fundamentals and technicals resonates, this wave of SOL's increase is not a 'flash in the pan', but rather 'well-prepared'!
Long Ge's view: Opportunities and risks coexist
I believe SOL still has opportunities for growth in the short term. The large-scale financing by FORD is undoubtedly a major positive and is expected to attract more funds into the SOL ecosystem, pushing prices up. But at the same time, we cannot ignore the overbought risks indicated by technical indicators.
In terms of operations, it is recommended that investors closely monitor the breakthrough situation of the $215 resistance level. If the price successfully breaks through and stabilizes above $215, you can consider adding positions moderately, with target prices looking towards the upper edge of the previous fluctuation range or higher. If the price fails to break through the $215 resistance level, and signs of a pullback appear, you can observe the support strength when the price falls back to around $210. If the $210 support holds effectively, you can consider buying on dips; if it breaks below $210, then you need to be cautious of further pullback risks, and consider reducing positions or observing from the sidelines.
Operational strategy: How to buy? How to sell? How to save yourself?
Aggressive faction: Enter long at the current price, target 220-225 dollars, set a stop loss below 210 dollars.
Stable faction: Wait for a pullback to $210, if it holds, buy in batches; set a stop loss below $199.
Buddhist faction: Wait for a breakthrough above $215, and then confirm with a pullback; buying at this time is the safest, but you may miss the first wave of price increase.
Long Ge reminds: The market is currently very volatile, don't use leverage to the maximum! Even if you are optimistic, keep some reserve for unexpected situations!
Finally, a heartfelt statement: SOL is now like standing at a 'crossroads', with the upward path being the 'starting point of a bull market' and the downward path being a 'false breakout washout'. But the $1.65 billion in real cash is not to be taken lightly; if institutions dare to invest, we dare to follow! Do you think SOL can break 220 this week? Want to get exclusive analysis from Long Ge? Click on the avatar to follow Long Ge, I will be watching the market 24 hours a day in the village to provide accurate strategies, don't wait until the price has risen to ask if you can chase it!#solana
