Recently, the market has been sluggish. Are you feeling uncertain? Don't just focus on the minor fluctuations; take a look at what the real big players are doing! A big piece of news just broke: the Hong Kong listed company MemeStrategy has once again increased its holdings in SOL!
News: This is not retail behavior; it's institutional real money voting!
According to publicly available information from the Hong Kong Stock Exchange, this company recently spent 2.4 million HKD to purchase 2,440 SOL. This is not a small amount of money, and more importantly, it brings their total SOL inventory to 12,290, with a total cost of around 14.9 million HKD.
The critical point is here: they are not just buying to hoard; they have clearly stated that they will use dedicated validators to stake and earn staking rewards, opening up new revenue channels.
What does this indicate?
First, institutions are not here for short-term trading; they intend to hold long-term and generate cash flow.
Secondly, this indicates that mainstream capital is optimistic about the long-term development and ecological stability of the Solana public chain. This level of 'recharging faith' is more effective than us small investors shouting 'to the moon' a hundred times; it truly reduces the liquid chips in the market and increases demand expectations.
Will the market go up first or down first? Will it break through directly or pull back and then rise? Continue to watch the technical aspects.
Technical aspect: The current fluctuations are just the calm before the storm?
After watching the big shot's actions, let's look down at the road beneath our feet. Currently, the price of SOL is fluctuating around 128 USD.
From the 1-hour chart, the situation is a bit subtle:
Bulls and bears are stuck: the price is slowly grinding upwards in the fluctuations, but is currently stuck at a key position. Above, there are two major peaks: 130 USD and 132 USD, which pose significant pressure. Below, 127 USD is the recent support, and further down, 121 USD is considered strong support.
Indicator signals: Some technical indicators have dual lines close to the 0 axis, hinting at a possible 'death cross' that hasn't fully formed yet, indicating a stalemate between bulls and bears here, with volume not fully released, making the short-term direction not particularly clear.
My suggestion is to take it in two steps:
For the conservative brothers: there is no need to rush. Mark the resistance and support levels mentioned above. If the price can break through 130 with strong volume and stabilize, the next target may be to challenge the previous high.
For the aggressive brothers: if you are optimistic about this long-term logic and want to enter now, make sure to do so with a small position and set a stop-loss. Use a small position to bet on the big trend, so your mentality won't collapse.
Bai Yue's personal opinion
Combining the news and technical aspects, my feeling is: although there may continue to be fluctuations in the short term, even a pullback to support, the mid-term foundation has been strengthened.
Institutions have been continuously buying near this position, which equals drawing an invisible 'confidence support level' below. Their large capital layout is usually not aimed at making that ten percent fluctuation; their vision is broader. So, even if there is short-term technical pressure for a pullback, the 'strength' of buying below may be stronger than we imagine.
What retail investors need to do is 'patiently wait for opportunities, act decisively and accurately.' Follow Bai Yue to get daily real-time strategies and cutting prevention guides! If you don't know how to time your entries, you can follow Bai Yue, who will provide real-time analysis and the current best entry points in the community.
