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Today is another new day. The real-time price of Solana (SOL) is about $186, which is at a key technical turning point. The judgment in the previous analysis report that the support of 195-200 US dollars is effective has been falsified by the market, and the actual price trend is weak. 📉 Core trends and key technical positions SOL failed to hold the $195 mark and fell below the key support at $190. The price is currently hovering around $186, with an intraday drop of approximately 4%. · Current resistance level (upward pressure level): · $190: This is the latest key resistance level, converted from the previous support level. · $200: A stronger psychological resistance level. · Current support level (downside buffer level): · $180-185: The immediate support range in the near future. If it fails, it may further drop to $170. 🔍 Technical indicators and market sentiment Several technical indicators point to a weakening short-term market trend: · Momentum indicators are weak: the RSI (relative strength index) reading is around 42, below neutral, confirming the current weak pattern in the market and reflecting the weakening of buying momentum. · Trend signal divergence: The MACD (Moving Average Convergence Divergence) indicator has not yet shown a clear reversal signal, but its histogram shows slight signs of correction, suggesting the possibility of a price turning point. 💡 News dynamic interpretation · ETF funds continue to flow in: The U.S. Solana ETF recorded a net inflow of approximately US$199 million in its first week, and the Bitwise Solana Staking ETF (BSOL) was actively trading. This has brought substantial new funds to the market. · Price and Fund Flow Divergence: Despite strong ETF demand, SOL prices fell, in part because early holders took profits at this stage and their selling was absorbed by ETF buying funds. · Active activities on the chain: Monitoring shows that USDC Treasury issued an additional 500 million USDC on the Solana chain in a short period of time. An increase in stablecoin supply usually means an increase in potential activity and liquidity on the chain, which is a potentially positive sign. 🤔 Operation strategy reference · short term Caution is advised. You can pay attention to the performance of the price towards the support area of 180-185 US dollars. If there is a stabilization signal, you can take a short position and test long, but you need to strictly set the stop loss below 180 US dollars. If the price rebounds to near the $190 resistance and momentum weakens, it will be an opportunity to reduce positions. · Medium and long term There is no need to rush to buy the dip. It is recommended to wait patiently for a clearer signal of stabilization near the key support of $180 (for example, the daily closing no longer hits a new low, or the trading volume is significantly increased) before considering the layout in batches. 💎 Summary and outlook The short-term technical structure of SOL has obviously weakened, and the support of $190 has been turned into resistance. The current focus of competition between the long and short parties has moved down to the $180-185 area. For us, controlling positions and setting stops is key to managing risk in the current market volatility. Although the technical situation has turned bearish in the short term, the continued capital inflow brought by ETFs and the development of the on-chain ecology still need to be observed. The analysis in this article is for reference only and does not constitute investment advice. The crypto market is unpredictable, so stay safe with more real-time guidance ⬇️⬇️⬇️⬇️⬇️⬇️  |
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