Tongge’s SOL outlook for 7/16

$SOL In the area around 77.5–78.5, it’s a box price—stop at above 79.5; first target 75.0, second target 73.0.

Yesterday, after following the broader market rebound, SOL peaked at 79.01, just reaching the nearby resistance zone mentioned earlier, then came under pressure and pulled back; current price is around 76.98.
When you reach the right position, the market will naturally respond.
This rebound has some strength, but compared with BTC and ETH, SOL’s upside-following momentum is still relatively weak. After approaching the resistance zone, capital became hesitant and didn’t continue breaking higher.
For the short term, the key is still watching the 77.5–78.5 area.
If the rebound continues to face pressure, pullback demand will increase; if it breaks out with volume and holds firm, then we’ll look again at the upside potential.#美国6月PPI年率5.5%