$SOL The surface is calm, but there are undercurrents on the chain! The giant whale's killing opportunity in the grinding bottom market!
Market always sprouts in despair and unfolds in hesitation—currently, the narrow fluctuations of SOL are just like the calm before the storm.
1. Latest technical analysis!
1. MACD still leans bearish but momentum is weakening: The yellow and white lines are below the zero axis, bears still dominate, but the MACD histogram has not continued to expand, indicating that the downward momentum has somewhat converged.
2. Moving averages are in a bearish arrangement: Prices are continuously suppressed by MA5 and MA10, and currently, MA5 and MA10 lack sufficient energy, requiring a breakout with increased volume to alleviate the pressure.
3. Trading volume—today's estimate is only about 420,000, significantly reduced compared to the 5-day average of 1,050,000 and the 10-day average of 1,090,000, reflecting a light market with strong wait-and-see sentiment.
2. News and latest on-chain news!
1. On the chain, Solscan shows a growth of about 7% in active addresses over 24 hours; NFT trading volume and ecological protocol staking volume are steadily increasing, indicating that the participation at the underlying level has not significantly shrunk.
2. Macroscopically, attention should be paid to the results of the Federal Reserve's interest rate meeting in the evening; as a highly volatile asset, SOL is easily influenced by market sentiment.
Note! The longer the fluctuation lasts, the closer the change in trend---I am Tang Seng, top technical support, serving only those who have vision and ambition!