$SOL Dropped to 76! Rate-hike expectations are heating up, and altcoins are the first to suffer.



Brothers, SOL is also falling along with the overall market this round. It pulled back from 78.19 all the way to 75.38, and the current price is 76.64. MA25 and MA99 are both pressing down overhead, and the short-term trend is relatively weak.

On the daily timeframe level, MA7 (76.29) is barely holding up from below, but MA25 (76.87) and MA99 (77.68) are both overhead, keeping the price pinned below the moving averages. On the 4-hour chart, it fell from 78.19 to 75.38; the MACD dead cross is dispersing downward, and bears have the upper hand in the short term.

After hitting a low of 75.38 today, it rebounded slightly, but the rebound strength is extremely weak—you can’t even hold above 77. As for volume, it continues to shrink, indicating that funds are watching from the sidelines, and no one is willing to enter at this level.

In terms of the news: U.S. Treasury yields have surged, and rate-hike expectations are heating up—risk assets are under pressure across the board. SOL’s liquidity is worse than BTC and ETH; when market sentiment weakens, it also falls faster.

Trading strategy:
Short the rebound—enter short orders around 79–80; for aggressive traders, short directly in the current price range of 76–77. For going long, keep an eye on the pin-dip range of 73–70 and decide whether to place long orders.

Brothers, this SOL move is being dragged down by the overall market. There isn’t much in terms of independent negative news for SOL itself, but in an environment where rate-hike expectations are heating up, it’s hard for it to turn around in the short term. The bottom-buying value isn’t great right now—wait until CPI and the Federal Reserve’s remarks land, then reassess.

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SOL-1.88%
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