$SOL has dropped again! The one-hour chart is entirely in the red, the MACD death cross has appeared, and this market feels like a slide; those holding positions are probably feeling their heart race, right? Don't panic, Zhou Yi will help you break down today's key points!

The technical indicators are all in a state of emergency

Current price $137.95, the yellow and white lines on the one-hour chart are steadily falling below the zero axis, the golden cross has turned into a death cross, which is a typical signal of a downward continuation! The MACD values are all negative, and the RSI is hovering between 36-43, not entering the oversold zone, indicating that there is still room for decline; don't rush to catch the bottom!

Key resistance levels: 151 is strong resistance, 143 is intraday resistance; if these two levels do not rebound, the bears will continue to gain strength.

Focus on support levels: 138 is the dividing line for bulls and bears; if it breaks, watch 133, with the strongest defense at 129. If 129 cannot hold either, this decline may go deeper!

The news and data have hidden mysteries

24-hour drop of 3.88%, 7-day drop of 2.04%, 30-day crash of 11.24%, the trend is very clear—weak!

But looking at the long-short ratio: Binance's large account long-short ratio has reached 3.4, indicating that large funds are still betting on a rebound, while retail investors are panicking. Is this an opportunity or a trap?

Transaction volume is shrinking, MFI is on the sidelines, and the market is waiting for a signal—either breaking support leading to panic selling, or a sudden positive news causing a violent surge.

I Ching perspective:

I believe that the probability of SOL continuing to decline today is high, first looking at the 138-133 range for fluctuations, if it breaks 133, 129 will definitely be tested!

  • If you have a short position: stagger your entries around 143 and 151, place your stop-loss at the previous high, target 138-133.

  • If you have a long position: if the rebound does not exceed 138, it is advisable to reduce your position, and if it breaks 133, decisively stop loss.

  • If you want to catch the bottom: don't rush! Wait for a stabilization signal around 129 (such as a long lower shadow + strong rebound), then test the waters with a light position.

If there is a sudden volume drop below 133 this afternoon, it is very likely that 129 will be tested tonight. But remember— the harder it drops, the stronger the rebound; the key is whether you dare to catch the knife during panic! I am I Ching, not only giving direction but also teaching you logic. Follow me, join the I Ching village, where I Ching will share real-time entry and exit points in the village. Don't mess around in the crypto circle; if you follow the right people, you can live well!#加密市场观察