2026.5.22 SOL Thinking

The daily bearish trend remains unchanged, but the four-hour rebound momentum is stronger, showing relative resilience to decline. 85 is a short-term strong support, while 89/92 are key resistances. Breaking through may open up room for a rebound.

$SOL
Gao Kong: Around 87.5-88, Kong with a bamboo shoot at 90, watch 86-83
Buy low: Around 84.5-85, Duo with a bamboo shoot at 82.5, watch 87-90

Technical analysis: Daily chart: Price is still under pressure below the 20/50/100-day moving averages, but has stabilized above the critical support at $85. MACD below the zero line shows shrinking green bars, indicating weakening bearish momentum. Four-hour chart: Forms a clear "W" bottom pattern, with price rebounding from a low of $81 to $87, a rebound of about 7%. Bollinger Bands are opening upward, with the middle band at $85 turning into strong support, indicating a short-term bullish bias. Volume: During the rebound, volume gradually increased, suggesting funds are entering to buy the dip. This is the main reason SOL is more resilient to declines compared to Bitcoin or Ethereum.

News: Ecosystem: SOL on-chain meme coin activity is rising again, with tokens like FARTCOIN up over 5% in 24 hours, boosting on-chain activity. ETF: Spot ETF fund outflows are slowing, reducing institutional selling pressure. Macro: The Fed's rate hike expectations are rising, but the impact on SOL is relatively small. Ecosystem enthusiasm has become the main driving factor. #特朗普称美伊正敲定协议细节