Attention players! The latest scoop has flipped the circle upside down. A Hong Kong listed company has just spent 2.4 million HKD today, grabbing 2,440 SOL in the open market! Now they are holding 12,290 SOL, with a total cost nearing 15 million! While other players are still hesitating, this listed company is pouring real money into it, boldly showing their confidence in SOL!
First, let's look at the news:
According to the Hong Kong Stock Exchange announcement, the listed company has accumulated a total of 12,290 SOL, and this batch alone cost 2.4 million HKD. What's even more aggressive is that they plan to stake the SOL to earn interest, clearly indicating a long-term strategy. That's not all; they have also announced that they will stake all these SOL to earn interest, making it clear that they are not here for short-term trading but for accumulating resources! Friends, think about it, if the company dares to play like this, are they afraid of a drop? What they fear is missing out!
I personally believe that the institutions daring to 'store coins' with real money at this position indicates that they are not focused on whether it will rise or fall tomorrow; they are betting on the future value of the entire ecosystem. Following this line of thought, will you still lose sleep over daily fluctuations? Why are institutions daring to take action now? I will discuss this in conjunction with the market situation later.
Looking at the technical side again:
The price is currently stuck around 128, it's a bit difficult to reach 130, and coming down to 127 is also unsatisfactory. This kind of movement indicates that both bulls and bears are testing the waters, but neither dares to make a big move first.
Looking at the indicators again, although the MACD has shown a slight dead cross, if you look closely: the bars are still green, indicating that the bears are just bluffing and haven't really caused any damage. More importantly, the DIF and DEA lines are almost sticking together, which is not the end of a trend, but the calm before a storm.
RSI stabilizing around 56 is quite subtle. It tells you that buying pressure hasn't really withdrawn, just taking a temporary break. If this were a weak market, the RSI would have dropped below 50 long ago.
My view is: the price is currently holding at a key position, and the indicators are not weak. This doesn't look like a collapse, but rather like it's gathering strength. Now it depends on whether 127 can hold up in this patience game.
For those holding SOL, this operation is stable.
For players holding coins long: if your position is light, you can build your position in batches in the 127-128 range;
For players considering shorting: the current environment is not suitable for heavy shorting. If you must try, consider lightly testing in the 129-130 range; if you're unsure about the specific points, you can follow me for real-time reminders in the village, especially for friends who have paid attention to me.
Personal opinion:
In the short term, I still hold a bullish outlook on SOL, but the reasons for being bullish are different from last week. The current logic is: the institutions' costs are out in the open, and they won't easily let themselves get trapped. The 127-128 range is likely their psychological defense line. However, the market always has surprises; if it drops below 126, my entire judgment will need to be readjusted. What specific situations could lead to this change? I will give early warnings in my daily analysis in Zitan Village.
Want to know what the institution's next move will be? Want to layout in advance instead of passively following? Follow me immediately, I will share the complete institutional following strategy in the village within the next 24 hours!
What players need to do is patiently wait for opportunities, and act decisively and accurately. Follow me to receive daily real-time strategies in the village!
