Hello everyone, I am Bai Yue! The crypto circle is buzzing again today, a big news directly hits SOL, a US-listed company is betting 100 million USD$SOL With the technical signals, the market may have big movements! No more nonsense, let's get straight to the point.
News: US stock companies are entering with real money, SOL welcomes 'big investors'
According to the latest revelations, the US-listed company Mangoceuticals (listed on Nasdaq) suddenly announced that it will launch a 100 million USD digital asset treasury strategy, focusing on investing in SOL! This is not just a small deal, they even plan to establish a subsidiary and have applied for a trademark, clearly aiming for long-term layout in the Solana ecosystem. Where is the funding coming from? Raised through financing and selling stocks, indicating they are serious about this.
Bai Yue believes this news is definitely a heavyweight positive! Why? Because traditional listed companies are making a big entry, which is equivalent to giving SOL an 'endorsement,' indicating that institutional funds are starting to be optimistic about it. We used to say that the crypto market relies on retail sentiment, but now that big companies are coming in with real money, it may attract more funds, directly pushing up SOL's price. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry point.
Technical aspect: The 4-hour chart shows key signals, with 125 US dollars becoming the focal point of the bull-bear battle.
Let's take another look at SOL's 4-hour candlestick chart; the current price is around 125.74 US dollars, up 0.34%, and overall in a state of fluctuation.
Resistance level at 129 US dollars: This is a short-term hurdle, and if it breaks, the upside potential will open up.
Key level 125.74 US dollars: This is the current position, where both bulls and bears are competing.
Support level at 119 US dollars: There is strong support below, and if it breaks, there may be a deeper correction.
Technical indicators: MACD is below the zero line, but note the annotation of 'volume explosion,' indicating that trading activity has increased and may be building momentum. The moving average system shows a tangled state, and the short-term direction is yet to be chosen.
Bai Yue believes the technical aspect is overall bullish! Although MACD below zero suggests the adjustment is not over yet, the volume explosion combined with strong support indicates insufficient downward momentum. If the price can stabilize above 125 US dollars, combined with favorable news, the probability of breaking the 129 resistance level is very high. However, if it breaks below the 119 support, one must be cautious of short-term correction risks. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry point.
What should retail investors do? Here comes the operating advice! (The operating advice is only half; if you want to know the specific points, come find me.)
If you are a short-term player: Currently around 125 US dollars, you can test with a small position, setting a stop loss below 119 US dollars. Initially, aim for the 129 resistance level; if it breaks, there is hope for a higher rise. Don't go all in at once; entering in batches is a more prudent approach.
If you are a long-term holder: The favorable news adds support, and the long-term prospects for SOL look good. You can continue to hold, but be aware of market volatility; adding to your position on dips is a strategy.
Overall strategy: The market outlook is generally bullish, but do not chase highs! It is safer to wait for a pullback to the support area before acting. Although the news is good, do not ignore the technical risks; keep an eye on the market for adjustments.
News and technical linkage: What impact does it have on the crypto market?
These two aspects combined are significant! The news brings in funds and confidence, and the technicals show that the adjustment is nearing its end. SOL is very likely to become the market leader. If SOL rises sharply, it may drive the overall sentiment in the crypto market, especially for tokens in the Solana ecosystem. After all, large institutions often have a demonstration effect, making it easy for retail investors to follow suit.
Bai Yue's view: For the market, this is a positive signal! What the crypto market has been lacking recently is this kind of concrete good news. The entry of US companies can boost overall confidence. But in terms of correlation, don't expect a skyrocketing rise; the market needs time to digest. We need to observe whether subsequent funds continue to flow in and whether the technical aspects align for a breakout. If you don't know how to time it, you can follow Bai Yue, who will analyze in real-time in the village and provide the current best entry point.
There are always opportunities in the market; the key is to operate calmly. Bai Yue will continue to help everyone keep an eye on on-chain dynamics, moving steadily forward together! Follow Bai Yue and participate in every attack by Bai Yue's villagers! Bai Yue will announce the specific entry times and real-time news every day in the village!
