Is SOL really taking off this time? Save some bullets, don't hit the reset button!

Brothers, last night SOL plunged from $137 to $130, waking up a bunch of people in the middle of the night cursing. Don't panic, the old cat is here to feed you the latest hot news and technical insights all at once, in 3 minutes you'll have a clear mind! Hardcore positive news: Franklin Templeton is not playing around

Just now! Franklin Templeton's spot SOL ETF has officially launched, directly purchasing 17,000 SOL (about $2.4 million) on the first day, and here's the key: they directly incorporated the on-chain staking rewards into the ETF dividends! In plain English—when you buy this ETF, not only do you benefit from SOL price fluctuations, but you can also enjoy a 4-6% annualized staking return for free!

This is the first in the entire crypto circle to play this way, equivalent to giving retail investors an institutional-level cheat code. But don't be naive, the good news means selling the news. In the first week of the ETF launch, SOL actually plummeted 20% from over 190, and it’s only now gasping for breath around 133.

Institutions are entering with real money, short-term retail investors will be harvested first, it’s classic. Technical analysis: Is 130 really the bottom? Here are 3 life-and-death signals 130 = lifeline, if it breaks down, it will head straight for 127-128, if it holds, it will rebound to 139 first. RSI 39.6, MFI 39.5, both approaching oversold, but not at the bottom yet, shorts still have bullets left. Trading volume has shrunk to 1.19 million hands (half of the 5-day average of 2.91 million hands), a typical panic vacuum period, both bulls and bears are holding back big moves.

Conclusion:

This wave of selling has basically hit the bottom, 130 is likely to hold, and in the short term, it will oscillate and grind its way slowly up, targeting 139-143 first. But don't dream of returning to 190 overnight, the upper pressure has three major mountains, without a giant whale leading the way, it’s hard to swallow three bearish candles in one go. @加密黄哥