When the crypto market is stuck in the fog of hesitation, the true wealth code often lies in the crevice between support and resistance levels. Most people are only focused on the immediate risks and feel anxious, while top players have already sniffed out the signs of a turning point.
Dear friends in the crypto circle, I am Brother Xing! Today, while watching the market, I suddenly caught an unusual detail: the current price of SOL is $238, as if it has been paused, oscillating back and forth below the key point of $240.
But just beneath this seemingly calm surface, breaking news suddenly emerged on-chain: a mysterious giant whale spent a whopping 134,000 SOL in just 6 hours! It's important to note that these chips were directly transferred from Binance to the on-chain cold wallet, and this is definitely not a small operation by ordinary retail investors. Every time such a big move happens by the whale, it serves as a barometer of market sentiment, hiding extraordinary signals behind it.
Today, we will combine technical analysis and news analysis to break down the script of SOL's weekend performance, and discuss the entry window that retail investors should seize!
1. Technical analysis breakdown: Where is the rise and fall password of SOL hidden?
The current price is firmly at 238 USD, and several key points must be closely monitored:
Bull-bear dividing line: 240 USD
Today, SOL has made several attempts to hit this level but has not been able to establish a foothold. To open up the upward channel, there must be enough trading volume to support it; it must firmly stand above 240 USD, or it can only grind in place.
Resistance level: 253 USD
This position is a dense area of chips from previous highs, like a small hill. To get over it, there needs to be enough forces to support; otherwise, it can easily be pushed back.
Support level: 230 USD
Recently, SOL has tested this position several times, each time rebounding, solidly strong support, like a safety mat beneath, as long as it does not break, the short-term risk is relatively controllable.
Looking at the signals released by the technical formation, each one is worth savoring:
1 Hour K-line: Triangular convergence end
The K-line trend has already shrunk into a narrow triangle, with volatility dropping to its recent lowest. This is like the calm before the storm, indicating that a direction choice is imminent, and a trend change could happen at any time.
Trading volume: The whale has volume, but retail investors haven't kept up.
Yesterday, when the whales were buying, the trading volume clearly expanded, but most retail investors were still on the sidelines, lacking follow-up buying. Whether the direction can be determined next depends on whether the subsequent trading volume can catch up.
RSI Indicator: Neutral range accumulation
Currently, the RSI indicator is at a neutral position of 55, with no risk of overbought or the low of oversold. The bulls still have enough accumulation space, like an athlete's preparation before a game; it is not yet time to exert force.
2. News analysis: The hidden logic behind the whale's crazy buying
On September 20, this mysterious whale used 32.4 million USDC to acquire 134,628 SOL all at once, and transferred it to an on-chain cold wallet. These two actions directly released two key signals:
Long-term optimism, not short-term speculation
Putting large amounts of chips into a cold wallet indicates that the whale is not looking to make a quick profit and run, but is optimistic about SOL's long-term value, planning to 'hold steady'—this shows complete confidence in SOL's future performance.
Timing is precise; aim to accumulate at support levels.
The whale chose to enter when SOL was testing the support level, which is not a coincidence. It clearly indicates that this price level is considered reasonable for valuation, taking the opportunity to accumulate chips, which also indirectly confirms the reliability of the 230 USD support level.
Xing Ge wants to say: A fluctuating market is like a filter; only those patient hunters can wait for the opportunity to feast! Today's SOL is like a car stopped at a crossroads; the whale has already pressed the accelerator, but the green light hasn't come on yet. Rushing to start could easily lead to problems.
This weekend is likely to grind between 235-245 USD. The real big market movements may have to wait for the market sentiment to warm up next week or for sector rotation to bring opportunities.
3. Retail investor operation strategy: Don't guess the direction, wait for signals!
Aggressive strategy: If SOL breaks above 240 USD and can test the 235-238 USD range, then a small position can be tried with a stop-loss set at 230 USD, targeting initially at 248 USD, and take profits when good.
Conservative strategy: For a more cautious approach, you can place buy orders in batches in the 230-232 USD range, with a stop-loss at 228 USD, aiming first to break 240 USD, and then look at 245 USD after establishing a foothold.
Here, I must remind you: Do not chase highs and sell lows! Although the whale's movements are favorable, you cannot rush in just because of excitement. You must wait for right-side signal confirmation; entering steadily is more reliable. Remember, in the crypto world, those who can make big money are always the ones who remain calm when others panic and know how to restrain themselves when others are crazy. Patience is the best weapon!
Follow Xing Ge, use on-chain data to dissect the project's bottom line, and take food from the whale's mouth!@星哥狩猎日记
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