Xingge says Crypto|SOL 0724 Daily Perspective



Yesterday, SOL followed the broader market down. It rebounded to around 79 at the highest point, then faced selling pressure and moved lower. The lowest touched around 75.2, and afterward a rebound appeared. Currently, the price is consolidating around 75.8.

Overall, SOL’s trend is still being driven by BTC and ETH, and in the short term it’s in a choppy consolidation phase. At present, there is support around 75.2-75.5 below, while resistance exists in the 76.7-77.3 area above. For now, focus on range trading: don’t chase or panic-sell, and wait for the price to enter key levels.

Today to watch:

Short trade ideas (rebound rejection)

Entry zone: around 76.7-77.3

Target levels: 75.5 / 74.5

Logic: After a rebound moves into the resistance zone, if a rejection/consolidation signal appears, you can look for a short-term short opportunity.

Long trade ideas (pullback setup)

Entry zone: around 75.2-75.5

Target levels: 76.5 / 77.0

Logic: After a pullback comes back to the support area and stabilizes, you can look for a long opportunity.

Right now, SOL’s tempo is mainly range-bound. Pay close attention to whether it breaks out of the 75.2-77.3 range.

Before the market shows a clear direction, patience is more important than trading frequently. When the price reaches key levels, then make a decision#GUSD年化升至3.8% #布伦特原油重返100美元 $SOL
SOL-2.30%
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