SOL plummets to $168! If the Grayscale ETF is approved, it could instantly turn into a $3 billion rocket, but a single word from the SEC could extinguish it.

SOL Market Forecast: Is the crash an opportunity or a deep pit? Keep an eye on these 3 key signals!

Hello everyone, I am Big G. Today the price of SOL dropped to $168, with nearly $20 million liquidated in 24 hours, the whole network is wailing. But veteran investors know—crashes often hide golden pits! Combining the latest data and trends in the industry, I will break down the market trends for my brothers in plain terms.

Short-term: $170 is the lifeline, breaking it may lead to a stampede.

Technical Analysis: MACD continues with green bars (bears are gaining strength), but KDJ is close to the oversold zone (not falling anymore). Recent support is seen at $167, breaking below may lead straight to the $160 'golden pit'.

On-chain Secrets: Whales secretly bottom-fished 420,000 SOL at dawn (Jump Trading invested $120 million), these people are very shrewd, always choosing to enter when retail investors are cutting losses.

Mid-term: Two major catalysts determine the rise and fall.

ETF Lifeline: If the Grayscale SOL ETF is approved, it could bring at least $3 billion in funds (referencing Bitcoin ETF history), but the SEC has recently cracked down hard on 'security tokens', whether this happens will be clear by the end of the month.

Ecological Explosive Power: Solana's on-chain TVL surged to $10.9 billion (surpassing all Ethereum Layer 2s combined), especially Jito staking and Drift derivatives trading volume skyrocketing, this is real support.

Long-term: Three major hidden dangers cannot be ignored.

FTX Bomb: There are still 12 million SOL waiting to be liquidated (worth over $1 billion), once dumped it could lead to a direct collapse.

Technical Bottleneck: TPS dropped from 60,000 to 2,300, the network crashes when congested, and developers are fleeing to Aptos.

Trump Meme Frenzy: $TRUMP coin surges and plummets, play it well to earn big, play it poorly and meet on the rooftop.

Operational Advice:

Bottom Fishing: Buy in batches between $160-$170, decisively cut losses if it falls below $150 (don’t go against the trend).

Hodlers: Hold on! BlackRock and Visa are both laying out plans for Solana payments, the Firedancer upgrade in the second half of the year could increase speed by 10 times, hold steady and wait for the wind to come.

Short-term Traders: Keep a close eye on tonight's U.S. stock market CPI data, if inflation exceeds expectations, hurry to run, don’t be greedy!

Final Note: Bull markets see many crashes, bear markets see many slow declines. Right now, SOL is like walking a tightrope in high altitudes—it's all about the thrill! Remember, stay calm when others panic, take profits when others are euphoric, that's the hard truth for survival!

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