English
68967
|
Currently, SOL is testing the key support level at $190. However, this position has been briefly broken, and the market has begun to show weakness. SOL was quoted at $185, down about 4% on the day. Over the past week, the price has basically remained within a range of $180-$210. From a technical perspective: • The RSI indicator is 42, below the average level of 44, and momentum continues to weaken. ； • MACD shows trend may be changing, but has not yet received strong confirmation of price action ； • Futures open interest rose to $10.48 billion, indicating that market participation is still rising. ⸻ 📉 Technical pressure intensifies: $190 support is in danger $The 190 line is the key to the bulls' defense in the near future. If this support fails to hold, the price may drop further to the $170 area. Some analysts pointed out that Solana Treasury Company has been cautious in its recent operations. If it does not actively enter the market to increase its holdings, the market rebound momentum will be limited. ⸻ 💡 Positives for ETFs: rising institutional interest On the other hand, good news is also accumulating. The Bitwise Solana Staking ETF (BSOL) had a stellar first day of trading, with volume hitting a new high. At the same time, Hong Kong regulators also officially approved the spot Solana ETF. These two developments have opened new capital channels for SOL, marking the return of institutional funds to the Solana ecosystem. The implementation of ETF will not only attract incremental funds from the traditional financial market, but also help enhance Solana's status in the hearts of mainstream investors and bring positive expectations for the mid- to long-term trend. ⸻ ⚔️Market game: the pull between caution and confidence The current market sentiment is clearly divided: • Technical weakness → Speculative funds tend to be cautious ； • Good news for ETFs→ Institutional interest rises ； • The wait-and-see attitude of treasury companies → has become an important game point for both long and short parties. In the short term, prices will still be subject to technical pressures； But from a medium- to long-term perspective, the increased liquidity brought by ETFs may become a key turning force. ⸻ 📊 Trading strategy reference (for research only, does not constitute investment advice) • If the $190 support level continues to fall, there may be room for a short-term correction, and you can focus on the $170 area. ； It is recommended to place stop loss near $195. • If SOL rebounds strongly near $190 and successfully stabilizes, you can consider the short-term and long-term thinking. The target position is in the $210-$220 range, and the stop loss can be set at $185. • In view of the intertwining of long and short signals in the current market, it is recommended to wait and see and pay attention to the gains and losses of support levels and the actual fund inflows of ETFs. ⸻ 📘 Summary Solana stands at a critical crossroads. On the one hand, the technical aspect shows weakness； On the other hand, the ETF push offers hope. Short-term fluctuations are inevitable, but from a long-term perspective, increased institutional participation and continued ecological expansion may become the basis for a new round of Solana's market. [Disclaimer: Investment involves risks, please be cautious when entering the market. The content is for reference only and does not constitute any investment advice. Please do not use this as an investment basis, otherwise you will be responsible for all consequences and have nothing to do with this official account. ] |
|
|
|
|
|
