Yesterday, SOL was rubbed down to the ground by the black swan, but today it jumped from the ICU to the KTV, this market is more thrilling than a roller coaster!
Dear friends, I am the captain. Yesterday's black swan event in the Middle East scared the entire crypto circle. SOL once plummeted over 10%, hitting a low of $75.64, with over 150,000 people liquidated across the network, many accounts wiped out overnight, and there was no space left on the rooftop. But today's trend has hit the bears hard.
From the news perspective, the panic sentiment from yesterday has started to digest. BTC rebounded strongly by 6% today, directly lifting the mood of the entire market. Although the Federal Reserve's rate cut expectations have been pushed to July, the medium to long-term easing logic remains, providing breathing room for the cryptocurrency market. Moreover, SOL's own fundamentals have shown incredible resilience during this crash.
Yesterday, the impact of the brief interruption of the SOL network has faded, and the performance of ecological projects is noteworthy: PumpFun repurchased 300 million tokens, Jupiter achieved net zero emissions, and Meteoradammv2 was successfully launched, while DeFi TVL rebounded to 6.5 billion. This indicates that the SOL ecosystem is not a castle in the air, but is supported by tangible projects. It is also worth noting that the SOL ETF saw a single-day inflow of 3.08 million dollars, with a cumulative total exceeding 1 billion. Institutions are quietly positioning themselves, which is not something that retail investors can achieve through random trading.
Looking at the technical side, the signal is very clear from this 4-hour K-line chart. Yesterday it dropped to a low of 75.64, and today it directly rebounded to 86.4, which is a standard 'deep V rebound', indicating strong buying pressure below. The price is now firmly above the strong support level of 84.97, and as long as it does not break below, the bulls are still in control. The resistance level above is just at the BOLL upper band at 90.13, perfectly coinciding with the AI model's predicted target of 90 dollars, making this the core battleground for today.
I have a friend who bought SOL around 83 dollars yesterday, and today he is already up by more than ten points. His logic is simple: 'The panic sell-off caused by a black swan is often a good opportunity to pick up bargains; as long as the project's fundamentals are not collapsing, I dare to enter.' This also confirms my view: in the crypto circle, fear is the biggest enemy, and opportunities often lie within others' fears.
Of course, we cannot be blindly optimistic. The KDJ's J value has already surged to 100, and there may be a slight pullback in the short term. If it breaks below the life line of 84.97, then today’s rebound would be a trap for bulls, and we must decisively stop-loss. But as long as it holds, 90 dollars will be within reach, and after stabilizing at 90, the next target will be the previous high of 92.15.
Next, we need to see if the support at 84.97 can hold. If it breaks, today’s rebound would be a trap for bulls; if it holds, 90 will be within reach. Want to know my specific take-profit and stop-loss levels next? Like and follow, and in the next video, I'll share the details; don't miss out!
Twelve years of financial journey, the exclusive secrets of pioneers in the crypto circle: insight into the market, steady progress, and follow the Tian Shi Fu to learn how to steadily increase value. Investment involves both risks and opportunities; blind operation is a big taboo in the crypto circle!