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SOL is now at 186.19, down about 3.8% from the 193.65 recorded yesterday. The actual market trend is weak. 📊 Core data at a glance Yesterday (October 20) price was $193.65 Today (October 21) US$186.19 (actual trend is weaker) The short-term trend shock recovery is biased downward, Today (October 21) has fallen below the $188 support Key resistance is $207 (20-day moving average) Today (October 21) Moved down to the $195-200 area key support $183 (recent low) Today (October 21) US$175 (the boundary between strength and weakness, if it falls below US$165) The pattern of long and short kinetic energy and short positions remains unchanged, and the strength of short positions has increased, and MACD is in the bearish zone. 🔍 Yesterday’s opinion verification and latest trend analysis 1. Accurate judgment of key supports The $183 support highlighted yesterday has been broken. The price touched as low as $174, then rebounded weakly to around $186, and the key support has moved down to $175. 2. Resistance level confirmed The resistance areas indicated are valid. After SOL fell back from a high of $208, $195-200 has become a new strong resistance area, where today's rebound is under pressure. 3. Technical structure weakens · Pattern breakdown: SOL/USD hourly chart ascending channel support at $188 has been broken, and the short-term structure has turned bearish. · Indicators are bearish: the MACD is in bearish territory with increasing momentum, and the RSI is below the 50-negative range, both supporting further downside risks. 🌐 The impact of the latest news · Negative factors: · Technical breakdown: Falling below the $188 support triggered stop-loss orders and increased selling pressure. · Regulatory Uncertainty: The negative impact of the SEC delaying the Solana ETF decision continues. · Pros: · Institutional holdings are stable: Some analysis shows that institutional investors are still accumulating on dips, and the company's treasury holds a total of more than 20 million SOLs. · Ecological development: Solana network upgrades (such as Firedancer) aim to improve throughput and network resiliency. The recently announced Chinese name "Solala" has also triggered discussions in the community, which may increase its attention in the Asian market. 💡 Current operating strategy suggestions Short-term trading on highs: consider when the rebound reaches resistance near $195, target $182-175. Be careful to go long: only try to take a short position when the support of $175 is effective and there is a stabilization signal, with a target of $188. Strict stop loss: Stop loss for short orders above $200； Stop loss for long orders below $170. Wait patiently for medium and long-term investments: $175 is the key, if it fails, it may fall to $165-150, so don’t rush to buy the bottom. Layout in batches: If support is obtained and stabilized in the $165-175 area, you can consider establishing a bottom position in batches. Position management: The initial position should not be too heavy, and it is recommended to control it within 10% of the total funds. 💎 Summary · Yesterday’s view verification: The judgment of the key support level ($183) and resistance level is very accurate. The actual market trend verified the analysis, and the support level has been broken, and the trend is weaker than expected. · Current situation: SOL's short-term technical outlook has clearly turned bearish, and $175 has become the new long-short lifeline. Market sentiment is cautious (Fear and Greed Index is 29), and new positive catalysts are needed to turn the situation around. · Key decision points: 1. Pay close attention to the support of $175. Once it falls below due to heavy volume, the next target will be in the range of $165-150. 2. If the price rebounds, $195-200 is an important resistance area and opportunity to reduce positions. This article does not constitute investment advice. The cryptocurrency market is highly volatile and unpredictable, so please make your own decisions based on the latest market conditions and do a good job in risk management. More real-time guidance ⬇️⬇️⬇️⬇️  |
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