Crypto friends, today the SOL market is quite interesting! The one-hour chart is still probing downwards, but just now a shocking operation was revealed on-chain: a mysterious giant whale pledged 1,173,600 SOL at once, worth $174 million! Is this a sign to lay low, or is something big about to happen? I am Zhou Yi, here to help you uncover the truth behind the candlestick charts in plain language.
News Interpretation:
This huge pledge indicates that large funds are not panicking, but rather choosing to lock in and earn interest. In the short term, it has reduced market selling pressure, which can be seen as a minor positive sentiment. But don’t rush to shout bull—staking does not mean an immediate price surge; it simply indicates that there are buyers willing to 'squat' below.
Technical breakdown:
In the 1-hour chart, SOL is still in a downward channel overall. The two resistance levels above are: 129.76 (intraday pressure) and 134.31 (daily average cycle pressure). Until a breakout with volume, these are the bear lines.
The key watershed is at 125.67, this is the turning point for bulls and bears. The support below is sequentially at 121.44 and 117.44.
Pay attention to MACD: the yellow and white lines are slowly creeping up below the 0 axis, like they want to golden cross, but the volume isn't keeping up, be careful of a 'death cross at the 0 axis' kicking in again.
Zhouyi's opinion:
I believe there is a high probability that SOL will follow a 'drop first, then rebound' scenario today. The market will likely first touch support, and there will definitely be a rebound in the 121.44-117.44 range. If the rebound is weak, 129.76 could be a second short entry; only if it stabilizes above 125.67 can we look higher.
Zhouyi's suggestion:
For those with heavy positions, consider reducing your position when rebounding to around 129.76.
For those looking to rebound, focus on around 121.44, try a small long position, and place a stop loss below 117.44.
For those with no positions, hold your hands! Wait until the market stabilizes at 125.67 before considering entering.
For every market turning point, I will outline key levels in advance internally. Is 117.44 a firm bottom today? Tonight's live broadcast, I will help you keep an eye on the market, and the buy/sell points will be revealed directly!
Zhouyi publishes three strategies daily in the village. If you don't have a position of 5 million, please follow Zhouyi's real-time suggestions in the village to avoid liquidation risks. The current market is unpredictable, and each villager has different positions, so please update in real-time based on Zhouyi's published entry points!
