Brothers, I am Xinying. Today we won't beat around the bush, let's get straight to the point - SOL has been continuously weakening on the 1-hour chart over the past two days, many brothers are starting to panic: Is a big drop coming? Should we run away?
Don't worry, after reading this, you'll know what's going on.
News: The Breakpoint Conference is in full swing, and the SOL ecosystem is still accelerating!
Firedancer mainnet launch: TPS is expected to reach a million level, this is a real technical upgrade.
Coinbase DEX fully integrated: Bringing more liquidity entry points.
Intensive updates on ecological projects: Solana is like a 'busy construction site', indicating that both funds and developers haven't left.
Xinying Interpretation: The news is indeed a positive factor, but why is it falling? Because market sentiment is temporarily dragged down by the market, and funds are rotating. The fundamentals of SOL have not collapsed, and may even be strengthening.
Technical aspect: The 1-hour chart is sending key signals!
From the attached chart, SOL is currently in a short-term downtrend channel, but there are several key positions to keep an eye on:
Rebound pressure zone: 123.58–127.01, this is a strong pressure zone that has been tested multiple times recently, breakthrough is needed to strengthen.
Support below: near 122.00, if it stabilizes, it is expected to build a bottom and rebound.
Volume Shrinkage: The declining volume has not expanded, indicating no panic selling.
RSI has entered the oversold area: there is a short-term need for a rebound, but it needs volume confirmation.
Xinying's view: The decline is a technical adjustment, not a trend termination.
I believe this wave of decline in SOL is a healthy adjustment, not the beginning of a collapse.
There are three reasons:
The ecological benefits continue to be released, and the price will eventually reflect the value;
The technical aspect has not broken key support with volume, it is a case of low-volume wash.
If the market stabilizes, SOL is likely to rebound first.
Key position prediction:
If it stabilizes above 122, look for a rebound to 125–127;
If it breaks down with volume below 122, it may test the 118–120 area;
If it breaks 127, it opens up the upward space, target 135+.
What should players do? Xinying gives you three suggestions:
For those already holding: If 122 holds, maintain the position; if it rebounds to 125–127, you can partially reduce your position, and add back near 122 if it drops.
For those wanting to bottom fish: Don't go all in at once! Gradually position near 122, stop loss if it breaks 118.
For those observing: Set alerts, chase the trend if it breaks 127, wait for deeper corrections if it breaks 118.
Xinying reminds:
"Bull markets often have sharp declines, bear markets often have rebounds."
This wave of adjustment in SOL may be an opportunity to enter, or it may be a risk signal—key depends on which position you are standing in.
If you want to get SOL real-time trend analysis, precise entry and exit points, and recommendations for ecological stealth projects, remember to follow Xinying, I will send signals at the first time in the town!#美联储降息
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