SOL Evening Bullish (Reference from Uncle Feng's Viewpoint): Simplified Analysis and Practical Strategy

In the short-term game of the crypto market, following a clear trend and managing risks well makes it easier to seize opportunities. Combining Uncle Feng's bullish logic, the core dimensions are broken down as follows:

1. Technical Analysis: Bullish signals are clear, focus on support

• The medium-term ascending channel on the four-hour chart is intact, stabilizing after a pullback to $205; the hourly chart breaks through $212, forming a 'bullish engulfing' pattern, with a MACD golden cross and increasing red bars, indicating sufficient short-term momentum.

• Key focus on the $208-$210 support zone: a pullback with decreasing volume stabilizing is a buy signal, while a breakdown requires caution for a short-term correction.

2. Fundamental Analysis: Two major supports underpinning

1. ETF + Ecosystem Development: The scale of the Canadian SOL staking ETF has surpassed $5 billion, and the probability of U.S. ETF approval has risen to 70%; Solana's DeFi locked value exceeds $7.4 billion, NFT transactions increased by 120%, indicating high ecosystem activity.

2. Macroeconomic Benefits: In September, the probability of a Federal Reserve interest rate cut exceeds 90%; historically, easing periods often drive significant increases in SOL, and the current environment shows similarities.

Negative Uncle Feng sees bullish near $212−210, with a target of $222−235.

However, the crypto space is ever-changing, so it is essential to manage risk properly when trading and set reasonable stop-loss levels. #SOL