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SOL current price is 142.14, down slightly by 3.00% in 24 hours, but under the surface, there are turbulent undercurrents. Just looking at on-chain data reveals the story—24-hour trading volume is 20,745,200 SOL, and at the low of 116.71, the chips are heavily concentrated, with clear signs of the main force accumulating.
Recently, from 229.61 all the way down, the market has been filled with bearish voices, retail investors have been cutting losses and exiting, and pessimism has reached its peak. But it is precisely in this extremely pessimistic atmosphere that smart money quietly accumulates at low levels—this is a classic tactic of the main force.
From a technical perspective, the situation becomes more interesting. The daily K-line firmly holds above the support level of 140.77, and also stays above the SUPERTRND support (127.024), approaching a double bottom pattern. Looking at the volume, the volume decline during the correction is healthy, and the MA5 has already shown signs of turning upward, indicating strong short-term rebound momentum.
With this combination of signals, the bullish case is quite solid—chips at low levels are already locked in, the double bottom pattern is emerging, and market sentiment is about to reverse. Of course, risks should also be noted; if it breaks below 135, a stop-loss is necessary, but the probability of that happening is quite low.
The main force’s layout is nearly complete. In the short term, it will likely break through the 147.05 resistance level and then head straight for the 165-170 range, which means an increase of about 16%-20% from now. Once volume increases on the upward move, the gains could even exceed expectations.
Overall, the current price can be longed, with a stop-loss at 135, and the target set at 170.
Those who are bearish should be a bit regretful now. They dare not buy at the low, but chase at the high—this is the life of retail investors.
Once the double bottom pattern is confirmed, we should watch for 170. However, it's better not to be too aggressive; good risk management is the most important.
I've been waiting a long time for the MA5 turning signal, and finally there's some hope.
Anyone above 135, don't be afraid. Set your stop-loss properly and follow through to profit.
Is the main force really accumulating chips or distributing? We have no idea.
It's again 165-170, it feels like this expectation happens every week.
It's either a double bottom or the main force; retail investors should just honestly cut losses.
Honestly, they just want us to take over the position. I'm still observing at this price level.
165-170? Let's see if it can hold above 140 first, don't comfort yourselves too much.
Breakthrough 147? That's funny. Is the probability of falling below 135 really that low? Why do I always catch that probability?
I really can't understand this round of SOL anymore. I'm just going to lie flat.
Does dense chip accumulation necessarily mean a rally? Then what about my principal? It's already densely trapped in the loss zone.
Wait, the MA5 has already turned? That means the rebound strength is indeed sufficient
Setting a stop loss at 135 is a bit conservative, but I still want to see if it can break through 147.05 first
The main force's strategy is really classic, building positions at low levels → emotional reversal → breaking through resistance, following the usual process
But I have to be honest, is the target of 160-170 a bit optimistic? The all-time high of 229.61 is still above
If a double bottom pattern really forms, then there is indeed short-term potential, but it depends on the trading volume
Is it too late to get in now? Feels like I might get cut again
I didn't see the dense accumulation of chips at the low of 116; instead, I think it might still drop further.
Double bottom pattern, MA5 turning upward—I've heard these technical signals so many times, but in the end, the price still broke through support.
A 16%-20% increase sounds tempting, but buying heavily now could easily lead to a sharp drop, so caution is needed.
A stop loss at 135 sounds simple, but in practice, cutting losses really hurts.
From 229 to now, retail investors' mentality has long been shattered. I'm one of them...
Let's wait and see, no rush to buy in. If 165 can really hold steady, then we'll consider it.
If it really drops below 135, I wonder how many people will have to run away. At that point, it'll be time to cut losses again.
Double bottom pattern? I think it looks more like a "double top trap." Retail investors chasing in will just be waiting to get trapped.
Why weren't you so excited when it was at 116? Now you're just singing bullish?
Just because the MA5 turns upward, does that mean a rebound is confirmed? That logic is too simple and crude.
170 is really that easy to reach? It would have already flown past if it were. This time might just be a rebound.
165-170 sounds nice, but I only dare to go with half a position, just to be safe.
But to be honest, the signs of accumulation at these low levels are quite clear. Let's see if it can really break through 147.
Targeting 170 feels a bit optimistic; I think we should first watch for 165.
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That pile of chips at 116 is indeed suspicious, but what if it can't break through 147? Then they'll have to change their tune.
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The double bottom hasn't even formed yet, and they're already hyping it. Whether this wave from 147 to 165 can really happen remains to be seen.
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Stop-loss at 135 feels a bit tight. Those who cut their positions immediately if it breaks might end up crying.
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Falling from 229 to now, claiming it's low-position accumulation—what about those who bought when it was over 200 earlier?
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I've seen too many false breakouts from small signals like the MA5 turning point.
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A 16% increase sounds not greedy, but slippage during actual operation could eat up half of it. Don't regret it later.