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Xingge says crypto SOL 0720 today’s thoughts
SOL has recently rebounded following BTC and ETH. It is currently in an oversold rebound/repair phase, but compared with ETH, the strength of its upside move is slightly weaker.
In the short term, focus on key levels:
🔹 resistance zones
77.5-78: short-term rebound resistance; on the first touch, expect selling pressure.
Around 79: prior high resistance; if it breaks out, BTC and ETH need to keep in sync.
🔹 support zones
Around 76: short-term boundary between long and short; if it holds, the rebound structure remains intact.
75.3-75.5: a steadier support area; watch for opportunities on pullbacks.
Around 73.3: strong support at the previous low; a breakdown would mean the rebound structure is weakening.
Right now, SOL is not judged as the primary direction; more of a matter of observing how BTC and ETH move to drive it.
Plan:
Don’t chase; wait for key levels. For rebounds, look at resistance; for pullbacks, look at support. $SOL #沃什称AI是否引发通胀取决于美联储