7.13 Morning SOL market analysis: Shi Yuan’s view

SOL’s current trend feels a bit like “boiling a frog in warm water.”

From the 4-hour chart, although there was a previous push that tried to spike to 79.64, it was quickly suppressed by the bears. It’s now repeatedly grinding around the key support at 76.21.

This kind of slow, grinding drop is the most exhausting—it suggests the bulls have little strength to launch a counterattack. Even though the bears are pressing down, they haven’t been able to directly smash through.

The market right now is like walking a tightrope, and 76.21 is that lifeline. If this rope snaps, what’s below could be a bottomless pit; if it can hold, there may still be a chance for a rebound and self-rescue. Don’t blindly bottom-fish at this level—be careful not to buy at the halfway point. Wait for a clear stop-decline signal.

Recommendations
1. As long as the rebound can’t get past the 77.50-77.80 resistance zone, you can try shorting with a small position size.
The first target is a break below 76.20, with a move down to 75.60 or even lower.
2. Only consider a short-term long when it holds firmly above 76.21 and shows a clear long lower wick or a big bullish candle.
Target around 77.50, with a stop-loss set below 75.50. $SOL