7.18 SOL morning analysis:

SOL is scaling in around 75.41–76.12 with light “qing-cang-kun” selling pressure; the target is to move toward 74.8, with 74.1 as the key defense level.

After SOL probed down to the 73.32 stage low, a technical correction/range-rebound session kicked off. The current price is testing the lower Bollinger Band at the key level of 74.84, and short-term rebound upward momentum is relatively weak. On the 15-minute timeframe, the Bollinger channel keeps tightening, and both longs and shorts have entered a range-trading game. In the near term, it’s difficult for the market to break out into a clear single-direction trend; price action is mainly expected to remain choppy and oscillatory.

From market sentiment, the overall panic has not been fully digested yet, and there is significant divergence in altcoin positioning/capital. Near-term overhead pressure is still being continuously released. However, the 73.32 low is backed by sufficient buy-side strength, and the effectiveness of this support has already been validated on the chart. SOL’s own price volatility is relatively high; as long as Bitcoin’s downtrend stops and stabilizes, SOL’s subsequent short-term rebound room can quickly open. As long as the 74.84 support defense holds, the low-level long structure can continue.
$SOL #美军结束对伊朗新一轮打击 ‌