Something's off with the SOL market today! The four-hour candlestick suddenly saw a surge in volume, MACD shifted from a death cross to a golden cross, and RSI is shooting into the overbought zone, with the market clearly pushing upward. Is this a getaway or a washout? Next, will SOL break past 154, or drop to 128? Let Zhouyi clarify it for you!
News Interpretation:
The whale is not selling for the first time; it has sold 615,000 coins over the past 8 months at an average price of $175. This time, selling another 100,000 coins indicates that the major holders are gradually taking profits. However, this does not mean the market is over; they still hold 730,000 coins and remain optimistic in the long term. The news has a dampening effect on sentiment, but if the technicals are strong, a short-term upward fluctuation is still possible.
Technical analysis:
From the four-hour chart, SOL is still in an overall upward trend, but there is obvious pressure above. 154 is the pullback resistance level, and 147 is the intraday pressure; if these two levels can't be broken, it may easily trigger a decline. The key support below is at 140; if it breaks, watch for 134, and in extreme cases, it may even touch 128. However, the MACD has formed a golden cross below the 0 axis, and the volume is expanding, indicating that there is still short-term upward momentum, but the risk of chasing highs is very high!
Zhou Yi's personal opinion:
I believe SOL will first surge to test around 147 today, possibly touching 154, but it's hard to maintain stability. Heavy selling pressure from whales + technical resistance may trigger a pullback. The first support below is at the 140-134 range; if it holds, you can take small positions for a rebound; if it breaks 134 with volume, be careful as it might head towards 128. Remember: don't chase during uptrends, don't panic during downtrends, be bold at key positions!
Player suggestion:
If you haven't boarded yet, don't rush to chase; wait for a pullback to around 140 to gradually position yourself.
If you already have a position, you can gradually reduce your holdings above 147, leaving some for potentially higher gains.
If it drops below 140, you need to cut losses; if it holds above 128, you can consider medium to long-term positioning.
Market fluctuations are large, you must control your position, don't go all in!
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