Attention! $SOL selling pressure is increasing! 3 whale addresses have sold a total of 280,000 coins in 7 days!
Attention! Do not simply look at news to enter or exit, this is a very bad habit!
SOL is currently in a critical range and oscillating, maintaining between 241.73-234.97 for 30 minutes, with the current price fluctuating around the 241.73-234.97 range, and trading volume has shrunk significantly, with actual transactions only 187,000, less than half of the 5-day average volume (481,000), and market sentiment is cautious.
1. Latest technical analysis!
1. MACD indicator: DIF and DEA are above the zero axis, but the MACD bars have shrunk to 0.51, indicating weakening bullish momentum, with a high probability of continued oscillation or pullback in the short term.
2. Trading volume: Actual transactions (187,000) and predicted volume (334,000) are significantly lower than MA5 (481,000) and MA10 (728,000), making it difficult to break through without volume, and the risk of false breakouts is high.
3. Moving average pattern: Prices are suppressed by MA5 and MA10, moving averages are flat, direction is unclear, key levels: 234.97 support (if broken effectively, look for lower prices), 234.97 resistance (if broken, look for 241.73).
2. Latest news and on-chain dynamics!
1. NFT and Memecoin trading within the Solana ecosystem is active, but funds have not flowed back to the SOL token itself.
2. The overall market trend, especially the impact of BTC, is significant; SOL struggles to maintain an independent trend.
3. Large on-chain addresses show limited activity, whales are observing; network congestion has improved, but gas fees still occasionally spike.
Remember! The market does not believe in tears, just need to act!
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