SOL one-hour chart has just shown a dangerous signal! Although the overall market is still in a soaring trend, the short-term risk has already reached its peak. Today, I will clarify for you, combining the latest Wall Street news and technical details: will SOL drop to 130 today? Where should we take profits? Where can we buy the dip?
News interpretation:
Last night, news from Wall Street indicated that the Federal Reserve might be forced to restart 'money printing' to cope with the year-end cash crunch. This was initially seen as a liquidity boost, but be cautious—markets often 'buy the rumor, sell the news.' Especially now that SOL is in the overbought zone, the positive news might instead become an excuse for large holders to sell. Liquidity relief takes time, and the technical pullback pressure is already imminent.
Technical analysis:
The 1-hour chart shows that a MACD death cross has formed, and the yellow and white lines are both falling back above the 0 axis, indicating that upward momentum is waning. Currently, there are two heavy resistances above: 140.55 (intraday resistance) and 144.36 (pullback resistance). If it cannot break through, it will turn down.
Key position below: 137.39 is the dividing line for bulls and bears. If it falls below this point, the short-term trend will turn bearish, and it is highly likely to test the support at 134.23, and may even drop to the strong support at 130.34 before a decent rebound occurs.
Zhouyi's viewpoint:
I believe SOL will find it difficult to break through 144 directly today; it is more likely to be pressured near 140.55 and pull back, undergoing a correction. The initial target is to look at the 137–134 range; if it breaks below 134, be cautious about looking for support at 130. Although I am optimistic about SOL in the medium to long term, short-term technical signals must be respected—when a drop should be avoided, it must be avoided!
Zhouyi suggests:
For those with no positions: Don't chase highs! Patience is key; wait for a pullback to around 134 before considering incremental purchases. If it breaks below 130, you can increase your position.
For those holding positions: It is advised to reduce positions or hedge within the range of 140.55–144.36. If it breaks below 137.39, you must exit.
If this round of pullback precisely hits the support, it is likely to be another wave of 'money-sending market'. I will give early warnings in the village about bottom-fishing positions, not blindly chasing highs, only doing assured waves. If you don't want to miss the next round of SOL's launch point, pay attention to Zhouyi, and let's wait for signals together, acting steadily, accurately, and decisively.
There are no deities in the crypto circle, only wise individuals who discern signals. Interest rate cuts are imminent, and the market is building momentum, making it the perfect time to strike accurately. Join the Zhouyi Village to receive daily hard-core price points, saving time and effort while working together for stable profits.#美联储FOMC会议
