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Bitcoin breaks 80k, why is SOL standing still? Explained in one article
Bitcoin successfully stabilizes above $80,000, the market is cheering for a bull run, but SOL is stuck around $85 with no movement, it doesn’t follow Bitcoin’s rise, it drops first when Bitcoin pulls back, friends holding positions are anxious.
Core reasons for SOL’s stagnant rise
Massive unlock pressure: In May, SOL will face large token unlocks, with nearly $870 million potential selling pressure, main funds dare not impulsively push the price up.
Technical resistance is obvious: Multiple attempts to break through the $88-$90 range have failed, forming a strong resistance level, with moving averages suppressing the rally, and the trend stuck in a sideways stalemate.
Funds being drained: Bitcoin’s strength absorbs liquidity across the market, SOL’s funds are flowing out, on-chain activity declines, without capital support, it’s naturally hard to rise.
Current trend assessment
SOL is currently in a narrow range of fluctuation, with $82.50 as the last line of defense for bulls, and $86.20 as strong resistance for bears, with fierce battle between bulls and bears, short-term no clear trend, everything depends on Bitcoin’s direction and the absorption of selling pressure.
Trading suggestions
Support holds, go long: Buy in batches at $83.3-$84.5 with small positions, stop loss below $82.3, first target around $86.
Breakdown, go short decisively: If it falls below $82.50 and cannot recover, go short with a light position, stop loss above $83, target $77-$81.
Important reminder: Before large unlocks are implemented, operate with small positions and strict stop-loss, avoid heavy positions based on news, to prevent being caught in sudden market moves.
Final reminder: For SOL to catch up, it must stabilize above $86 resistance and digest the negative impact of unlocks. Until then, only short-term trading, avoid long-term holding blindly; if $82.50 support holds, there’s no need to cut losses, patiently wait for range opportunities.