SOL Violently Breaks Through $200! Five-Minute Chart Exposes Main Force's Cards
This morning, SOL directly pierced through the $200 barrier, surging 11.16% in 24 hours, currently reported at $199.19, completely igniting the market! The five-minute chart is incredibly thrilling—this morning, three attempts to charge at the $202.4 resistance level were all pushed back, indicating that the big players are suppressing the price and controlling the rhythm. Currently, it is stuck below the upper Bollinger Band at $202.46, and although the MACD shows a golden cross, the red bars are shortening, which is a typical signal of a top divergence, indicating that the bullish momentum is weakening.
1. Key Positions to Watch Closely
The middle track at $198.5 is the lifeline for today; if it breaks down on increased volume, we will directly see a pullback; the upper level must stabilize above $202.5 to open up space for an upward move. The spike at 9:30 hit $201.14 but was quickly pulled back, indicating that large players are secretly supporting the price. Looking at the four-hour chart, SOL is at the end of an ascending wedge, successfully breaking through the $188-190 area on the third attempt, and now the bullish target is directly pointing to $212-225.
2. Institutional Whales Are Madly Accumulating
On-chain news has arrived—DeFi development company has just disclosed an additional purchase of 141,383 SOL at $19 million, with an average cost of $133.53, bringing total holdings to a terrifying 999,999 SOL! All these tokens are staked for interest, earning 867 SOL in a single week, with an annualized yield soaring to 13%. Coupled with the newly listed REX-Osprey SOL+Staking ETF nearing a scale of $100 million, the intent of institutions to accumulate is blatant.
3. On-Chain Data is Exploding
Last week, SOL processed 800 million non-voting transactions, crushing Ethereum by 78 times! TVL surged 63% over fifteen weeks to reach $10.3 billion, with daily active addresses spiking by 9%. The derivatives market is completely insane—open interest surged by 9.51% to $10.06 billion, and options trading volume skyrocketed by 143%, with speculative funds behaving like sharks sensing blood.
Yangming's Strategy
Hold onto your spot positions and don't exit easily; if it pulls back to the $195-198 range, you can gradually add to your position. For contracts, remember to set stop losses, chase the bullish trend above $202.5, and open shorts if it breaks below $198. Pay close attention to the movements of Bitcoin after the U.S. stock market opens; no matter how strong SOL is, it’s hard to go against the overall market.
Follow Yangming, a professional team that will guide you to accurately target price points, keeping up with the rhythm to let your assets soar! Yangming steadily doubles your follow-up, low leverage, private domain contracts.
