Last night's market was like a shot of adrenaline: the three major U.S. stock indices collectively rose, with tech stocks leading the charge, and the crypto market immediately followed suit. You can think of it as a large square where fireworks are being set off on the U.S. stock side, and friends from the crypto side, seeing the excitement, all raised their glow sticks and joined in the fun.
But then the question arises - SOL surged to 220, then dipped back to around 210. Is it going to gather strength for another takeoff, or will it finish this cup of 'energy drink' and start dozing off?

Market Review

Brothers, I made it very clear in my market logic yesterday: as long as SOL holds above the 205–206 watershed, the bulls still have the upper hand, and challenging the resistance above is a high probability event!

As a result, the market last night felt like it was injected with a 'stimulant': the three major US stock indices collectively closed up, tech stocks led the charge, and the crypto world immediately got excited. SOL indeed lived up to expectations, directly surged to 220, then pulled back to around 210, almost exactly as I predicted yesterday!

This wave of market can be imagined as a big square—on the US stock side, fireworks are going off, and friends in the crypto world see the excitement and immediately wave their glow sticks to join the fun. And SOL is the center of the crowd, holding a megaphone, shouting a phrase, and the whole venue immediately follows suit.

Why was Old Zhu brave enough to say this yesterday: (logic provided to everyone)

1 Market Structure: Hourly level lows are rising, moving averages are in a bullish arrangement → Clear signs of bullish control.

2 Bollinger Band Opening: Price running above the middle track 205 → Strong structure established.

3 Volume Coordination: An increase accompanied by a red bar expansion → Indicates real buying power, not a false rally.

So that's why I boldly said yesterday: as long as we hold 205–206, bulls still have the advantage, and challenging upwards is a high probability event. The market then taught everyone a lesson with a solid candlestick.

How to operate today:

Today, the short-term bias is bullish, but it's very 'clear-cut': that recent surge pushed the price to around ~220, and now it's pulling back for consolidation. If it can hold around 208–210 USD, the probability of going up later is relatively high; if even this middle track/short-term average support breaks, it may test the 200/195 level downwards. Below, I will clarify both the technical and news aspects and provide several executable ideas.

Technical aspect:

Overall direction: Recently, there has been a clear bullish launch—prices have risen from around 200 all the way up, breaking through the previous consolidation range of 208–210 and then surging to ~220, before starting to pull back.

Bollinger Band: The opening indicates increased volatility, commonly seen in the phase of 'rapid rise followed by a pullback'. The current price is retreating from the upper track to the middle track/short-term moving average, which is a classic 'pullback to the middle track after rising' pattern.

Moving averages and support: The purple line in the chart (short-term average) is on top, the orange line (medium-term average) is running below, and currently, the price is approaching the orange line for a pullback—this orange line coinciding with the Bollinger middle track is today's most important short-term support (approximately 208–210).

Volume: There was a significant increase at the beginning of the rally, but the subsequent volume did not continue to expand, indicating that the initial buying power is strong but follow-up buying is somewhat insufficient → This is the reason for the pullback.

Short-term signals: If the pullback comes with volume and the short-term average does not fall below the medium-term average, it tends to continue going higher; if the pullback comes with volume and the short-term average falls below (forming a death cross), then be cautious of a deeper pullback.

News aspect:

These news items are the main 'fuel' driving price sentiment recently:

1 A listed company announced it will hold a large amount of SOL (big money coming in), and the market views this as a signal of institutional demand, which can stimulate bullish sentiment in the short term.

2 Reports say that products/companies related to Solana have actions on NASDAQ (increased exposure), and media and traders regard such events as expectations of 'standardization and institutionalization', amplifying bullish sentiment.

3 The timing of the decision on the 'Solana Spot ETF' is nearby (the market is speculating), and any expectations related to ETF/institutions will bring capital rotation and volatility.

4 Reports indicate that whales and institutions have shown signs of accumulating positions recently, supporting the notion that there is significant buying pressure behind the price increase.

5 Network end (Solana) has not recorded any major failures recently, and technical risks are relatively controllable (at least no new major negative events in the short term).

In summary: the news aspect provided a reason for the rise (institutional/exposure/ETF expectations), but these benefits have also been partially digested by the market in advance; the focus now is on whether 'funds will continue to follow up'.

Old Zhu's short-term operation suggestions (practical area)

Support level: 208–210 USD, this is the critical point for the short term and the most crucial dividing line today.

Resistance level: 220–225 USD, near the previous high. If there is a volume breakout here, it may accelerate directly.

Dividing line: 210. Hold it and look bullish; if it falls, be cautious.

Strategy suggestion:

Aggressive: Try a small position near 210, set the stop loss at 202–205, and once it breaks through 220, add to the position.

Conservative: Wait for SOL to stabilize at 212–215, then confirm that volume is rising before entering, targeting 225+.

Survival tip: Don't go all in! When the market is hot, position management is the lifeline. Always keep some bullets; don't let one pullback take away all your chips.

Old Zhu's viewpoint

Yesterday's prediction was once again validated: the market is not jumping around randomly; its logic is traceable.

SOL is the core of this wave of market, and 210 is the 'guard line' of the core.

Stand at 210 → Ignition line, the fire may continue to spread;

Breaking below 210 → Fire extinguisher, enthusiasm cools instantly.

The market is always providing opportunities, but also hiding traps. Knowing how to read levels + managing positions is the true survival rule!

Short-term opportunities are fleeting; trends only belong to those who are prepared in advance. Want to keep up with the rhythm? Follow me @加密老朱 and let's lock in the next explosive point together! #solana