This morning's plunge really hit hard! SOL pierced through the critical support level of 128 with a single jab, scaring many people into cutting their losses. And guess what happened? After breaking down, it immediately rebounded violently, pulling back to around 132, it's all about the thrill!
This market makes people's scalp tingle—clearly there are a ton of positive news, ETF funds continue to flow in, and the big shot Cathie Wood has named it as a favorite, yet SOL is stuck in the range of 120-145, unable to go up or down!
News Front: All positive, yet the price remains flat
ETF funds are pouring in wildly
Last week, the net inflow of SOL spot ETF was $33.6 million, with all 7 ETFs experiencing net inflows! The total historical net inflow has surged to $675 million, and the total net asset value of ETFs has surpassed $900 million. What does this indicate? Institutions are quietly stockpiling!
The big shots collectively stand behind it.
"Bull Market Queen" Cathie Wood publicly names SOL, listing her top three favorite cryptocurrencies as: BTC, ETH, SOL. She defines SOL as a "consumer-centric chain," making it clear that SOL is not just for show; it aims to achieve real results!
Whales are secretly increasing their holdings
The insider whales have been quietly increasing their positions in SOL recently. These smart money never buy recklessly; their willingness to catch the falling knife here indicates they have confidence!
The news is positive, yet the price isn't rising, indicating that market sentiment is still very low; everyone is waiting for direction. If you're unclear about specific entry points, you can follow Tianji, who provides real-time reminders in the village for friends who have followed me.
Technical analysis: The 1-hour candlestick reveals the main force's intentions.
The support at 128 was instantly breached but quickly pulled back—this is a typical main force's washout tactic!
Current price is 132.21, exactly stuck between the key level of 136 and support at 128, making it a tough decision.
The BOLL indicator shows the middle band at 132.35, and the price is struggling near the middle band, with a directional choice about to be made.
The range oscillation is evident.
The daily level box between 120-145 has been drawn for too long, and the market is waiting for a trigger point. The breach of 128 this morning without volume indicates it is just a false breakout; the main force is testing market sentiment.
Tianji's strategy: Those who are aggressive can enter short positions at the current price with a good protective price. Those who are more prudent can wait for a rebound near 136 before entering. Want to know the specific entry point and where to set the safest stop-loss? Tianji will provide insights in the village; those who want to keep up, join Tianji in the village!
Personal opinion: SOL now resembles a tightly coiled spring—good news keeps piling up, yet the price remains stagnant. This defies logic! Either the main force is holding back a big move, or the market is waiting for a trigger point.
In a bull market, there are rapid drops, while in a bear market, there are rapid rises. This morning's plunge is not a conclusion but a starting point! The market always finds a bottom in despair and rises in hesitation—now, which side will you choose?
#SOL上涨潜力 $SOL
