SOL has been quite volatile recently. In mid-January, it stabilized around $145 due to ETF fund inflows, but on the 19th, the bulls were wiped out, and it dropped to $133.42, with RSI entering the severely oversold zone. From a technical perspective, the strong support below is at $130, and the resistance above is at $145.81. Many institutions are calling for a target of $160-180 within 4 weeks, but the key is to hold the 50-day moving average steadily. Once it breaks below the $130 support line, it will be quite risky, with the next support at $118 waiting below.
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ShibaMillionairen't
· 16h ago
Was wiped out again, this time it's really intense.
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FarmToRiches
· 16h ago
The 130 yuan mark is really crucial. If I go lower, I'll have to cut my losses...
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BearMarketBarber
· 16h ago
Was washed again, this is just SOL's daily routine.
SOL has been quite volatile recently. In mid-January, it stabilized around $145 due to ETF fund inflows, but on the 19th, the bulls were wiped out, and it dropped to $133.42, with RSI entering the severely oversold zone. From a technical perspective, the strong support below is at $130, and the resistance above is at $145.81. Many institutions are calling for a target of $160-180 within 4 weeks, but the key is to hold the 50-day moving average steadily. Once it breaks below the $130 support line, it will be quite risky, with the next support at $118 waiting below.