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6.17 SOL: Highly elastic copycat leader, awaiting FOMC direction
$SOL
Today, SOL moved in sync with the broader market into a narrow range of observation, with prices fluctuating around 68-70. Since the peak of 96 in May, it has retraced, with a low of 61, then started a oversold rebound, but trading volume has continued to shrink during the rebound. The previous trapped sellers' pressure above is obvious, combined with token unlocks continuously releasing supply. Overall rebound momentum is weaker than that of Auntie, and a trend reversal structure has not yet formed.
Gao Kong: around 76 Kong Bamboo shoots at 77, watch 74-72
Buy the dip: around 72 Duo Bamboo shoots at 70.5, watch 75-77
Follow the main market, Auntie, and pay close attention to tonight's FOMC meeting #加密市场延续反弹