$SOL
SOL 1-hour chart reveals a 'golden pit', the countdown for a trend change has started, a choice must be made tonight!
Brothers, keep your eyes wide open to see this chart! This is not just oscillation? This is the last calm before the storm! On the hourly level, the Bollinger Bands have constricted to a suffocating point, with the upper band at 123.31 and the lower band at 120.85, the price is repeatedly moving around 122.5. What does this signal mean? Let me tell you: this indicates that the main force is controlling the market at the limit, it's the moment when the spring is pressed to the bottom! A trend change could happen within the next few K-lines!
Have you seen the MACD? DIF (-0.13) and DEA (-0.32) are below the zero axis, but the MACD bar has started to turn red (0.39)! A typical combination of 'bottom divergence prototype + quiet strengthening of momentum'. What does this indicate? It shows that the bearish force has exhausted, and smart money is secretly accumulating. The price has not moved much, but the bullish engine is already growling low! The technical aspect tells me: this is not a peak, but an excellent 'squat before takeoff'!
But just looking at the chart is not enough. On-chain data has gone crazy: in the past 24 hours, the number of SOL ecosystem whale addresses transferring to exchanges has sharply decreased, while the amount withdrawn from exchanges to cold wallets is surging, what is this? This is 'reluctance to sell' and 'stockpiling'! At the same time, the total locked value of NFTs and DeFi protocols in the Solana ecosystem is secretly recovering, and the developer activity index has reached a new high for this month. In terms of news, the proposal for the next major ecological upgrade is in the final voting stage, and several potential projects that have not been fully priced by the market are about to launch on Solana. All on-chain signals and fundamentals point to the same word: ready to take off!
I, who accurately called the top in the last bull market and shouted to buy SOL under 20 dollars at the bottom of the bear market, am stating this today: at this position for SOL, there is at most a 3%-5% washout space downwards, and upwards at least a 20% trend! The risk-reward ratio is extremely favorable! Now what you need to do is prepare your bullets and closely watch the support zone of 122.2-121.8. As long as it holds steady, it is an excellent entry point, with the first target directly at 126.5, and after breaking through, the space will open up completely!
