SOL is currently quoted at 135.32, and the technical outlook looks a bit off.
The 1-hour chart just broke below the MA120 support level, which is a signal to watch out for. More concerning is that the MACD just showed a golden cross but quickly disappeared, indicating that the rebound strength is insufficient.
The key issue here is—shortly after the rebound, selling pressure started, with increased volume mostly from panic selling. This is not a healthy rebound; frankly, it looks like the main players are digging a trap at the low levels to lure in more buyers.
Based on the current technical pattern, a more significant decline is likely to follow. This position is not suitable for blind optimism.
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AirdropAutomaton
· 01-11 06:02
Here comes the trap to lure more buyers, I knew it.
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TokenAlchemist
· 01-10 08:37
nah the macd rejection screams inefficiency vector being exploited rn... classic liquidity trap before cascading liquidations hit. sol's literally setting up the perfect arbitrage surface for whoever's got the routing optimized lmao
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SatsStacking
· 01-08 07:52
Here comes another dump, this routine is always the same, just loves to suck blood at low levels.
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LiquidityWizard
· 01-08 07:49
Another scene of dumping the market, the trap of诱多 is really so cliché.
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NeverVoteOnDAO
· 01-08 07:42
Coming to lure more buyers again? SOL's recent move is indeed quite aggressive.
The main players' tactics are really cheap, using the same tricks every time.
Breaking below the MA120 means it's game over; just smash it and be done with it.
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FlippedSignal
· 01-08 07:40
Here comes the old trick of诱多 again. I was just saying, how come the main players are so idle with retail investors' money?
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IronHeadMiner
· 01-08 07:27
The main force's move is too deep; I almost got caught holding the bag.
SOL is currently quoted at 135.32, and the technical outlook looks a bit off.
The 1-hour chart just broke below the MA120 support level, which is a signal to watch out for. More concerning is that the MACD just showed a golden cross but quickly disappeared, indicating that the rebound strength is insufficient.
The key issue here is—shortly after the rebound, selling pressure started, with increased volume mostly from panic selling. This is not a healthy rebound; frankly, it looks like the main players are digging a trap at the low levels to lure in more buyers.
Based on the current technical pattern, a more significant decline is likely to follow. This position is not suitable for blind optimism.