7.27 SOL order book rundown

Direction: Spike up then pull back; focus on rebounds being controlled

Support: Near 77.20-77.40; stop-loss at 77.70; targets 75.80/75.50.

SOL this morning, in sync with the broader market, spiked up to 77.08 and then kept falling. Current price is around 76.47. On the 1-hour timeframe, it’s been closing in red candles continuously, and sell pressure is evident above. The MA30 moving average around 76.50 is a key support below; if it breaks, SOL will likely weaken further.

This push up was also driven by macro sentiment. After Iran released a ceasefire signal, risk assets rebounded across the board, and SOL followed along with BTC and ETH for a wave of upside. However, overall it’s still a correlation-driven market lacking independent catalysts, so the outlook for follow-through remains in doubt. ETF flows are mainly concentrated in BTC and ETH; there’s no clear incremental signal for SOL spot ETF.

77.20-77.40 above is the short-term resistance zone (above the prior high of 77.08). If the rebound reaches this area but can’t break out with volume, you can consider flipping and taking control from the opposite side. On the downside, first look at 75.80; if that breaks, then 75.50.

Key range: 75.50-77.40$SOL #美国对60个经济体加征关税