【If SOL really wants to move, this part might be crucial】
Those who are still monitoring the market at dawn are basically not here just to watch the excitement.
At this moment, those focusing on SOL probably have something in mind. The position at 126.7 is neither too high nor too low, but it is quite frustrating. The RSI has just crossed 43, neither strong nor weak, a typical corrective rhythm. I glanced at the hourly chart, and these candlesticks are a bit hesitant, as if waiting for some signal.
One possibility is that it really wants to go up. If the main force wants to move, it’s likely they won’t give too many people a chance to enter. Right now, if it stays flat for a while, it could wash out a batch of floating capital, and then a strong bullish candle could break the previous high, which is not impossible. Especially if Bitcoin stabilizes and doesn’t crash, SOL, with its ecosystem and liquidity, can easily attract funds. I remember last year, before that surge, it also hesitated for two days and then suddenly broke out. So those holding a base position shouldn’t panic too much; if it really wants to move, this period of consolidation might actually be the last low-cost zone.
But we can’t ignore another possibility—what if it’s just a rebound? After all, the broader environment hasn’t completely warmed up, and if there’s tightening from the Federal Reserve, any coin would shake a bit. If the trading volume doesn’t keep up in the next few days and the MACD starts to diverge again, this pullback might not be over yet. It might even touch 120 or even 115. At this time, chasing highs should be done with caution, as it’s easy to get caught.
I personally lean slightly bullish, not out of blind optimism, but because I see on-chain data and staking ratios; SOL's fundamentals are actually much stronger than in the first half of the year. Applications are also rising, the NFT market is warming up, and projects like Jito are pushing new initiatives. But being slightly bullish doesn’t mean heavily investing; positions still need to be controlled. Especially since the market has been changing rapidly, yesterday there was collective celebration, and today everyone could be eating noodles.
So, don’t listen to anyone shouting “it’s bound to rise” or “I’ll never sell at this price”; these are just emotional statements. We veterans have survived to this point not because we can predict perfectly, but because we leave ourselves some room. Let’s see if the support at 120 can hold, and the resistance to watch first is 132. In this middle range, those who are trading can trade, and those who are observing can observe; don’t let yourself be too passive.
Market sentiment is more real than indicators.
In short: there are always opportunities, but the capital is limited.
