SOL Bullish Logic Breakdown! These 3 Support Points Are Critical 🔥

Wondering if SOL is worth paying attention to right now? Focus on these three points, and the bullish perspective will become clear👇

1. Support Levels Are Stable, Short-term Downside Potential Is Low

The key trend line in the hourly chart acts like a "bottom support barrier," and the current position is just right in the strong support zone. It has bounced back firmly every time it has reached this level before, and the buy orders are solid, making the possibility of further short-term declines low.

2. Technicals Provide Confidence, Bulls Are Still Gaining Momentum

The hourly RSI is firmly above 50 in a strong zone, with buying pressure clearly dominant; MACD is even more intuitive, having accelerated into the bullish zone, and the red bars haven't decreased in volume but rather gained strength, indicating that momentum is still there and not a false signal.

3. Institutions Continue to Increase Holdings, Breakthrough Is Promising

Many institutions and listed companies are taking action, with Canada’s SOL Strategies investing 500 million specifically for staking, and several Nasdaq companies are also increasing their holdings, with a single entity's staking volume exceeding 1.6 million coins and still accumulating. Such actions instill confidence in the market, just waiting for a breakthrough at key resistance levels, and once stabilized, it is highly likely to open up new space.

Brother Sheng's SOL Early Morning Thoughts:

Going long around 187.2 - 189.2, targeting the 192.5 - 196.5 range! #solana $SOL