Everyone, have you noticed the recent performance of SOL showing some divergence? While the overall market is fluctuating back and forth, SOL has been stuck firmly around $123, showing neither a clear rise nor an accelerated decline. The entire trend seems like it's brewing something.
I've seen this kind of situation many times. Usually, it's either the main players quietly accumulating, preparing for a rally; or they are secretly exiting, but doing so very covertly.
Looking at it optimistically, the trading volume hasn't increased, indicating that selling pressure isn't heavy. It’s likely just a shakeout. If the $123 level can hold steady, then with moderate volume pushing upward, reaching previous highs is possible. Plus, occasional new developments in the SOL ecosystem help keep holders relatively calm, reducing the motivation for large sell-offs.
But the risks are very real. Once the overall environment cools down, tokens like SOL with limited support are easily marginalized. Just look at its recent candlestick chart—weak bullish candles and long bearish candles, indicating that the bulls haven't really gained momentum. If it breaks below $123, coupled with a wave of panic selling, the RSI is not far from oversold territory. At that point, the scene could become quite chaotic.
How to respond? My advice is to hold your core position and avoid adding or betting on direction. If you really want to act, wait until the RSI returns above 50 or the price actually breaks out of the consolidation range. Missing some gains isn't a bad thing; impulsive moves often lead to losing everything.
In short, $123 is a dividing line for SOL. The market is shaped by trading, not by imagination. We should observe more and operate less, letting the market find its own direction. Remember, only traders who survive have the chance to make big money.
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BackrowObserver
· 12-19 09:52
It's been so long with the 123 card, I fell asleep, and I'm still here when I wake up.
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LightningAllInHero
· 12-19 09:47
It's been so long with the 123 card, when will the main force deal the cards? I'm already getting tired of waiting.
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FlashLoanKing
· 12-19 09:31
123 has been stuck for so long, it feels like either the big players are accumulating or secretly escaping. It's really hard to tell.
Whether it breaks or not, 123 is the real test. For now, just stay flat; adding positions is just courting death.
As for SOL, no matter how hot the ecosystem gets, it can't withstand a market downturn.
Everyone, have you noticed the recent performance of SOL showing some divergence? While the overall market is fluctuating back and forth, SOL has been stuck firmly around $123, showing neither a clear rise nor an accelerated decline. The entire trend seems like it's brewing something.
I've seen this kind of situation many times. Usually, it's either the main players quietly accumulating, preparing for a rally; or they are secretly exiting, but doing so very covertly.
Looking at it optimistically, the trading volume hasn't increased, indicating that selling pressure isn't heavy. It’s likely just a shakeout. If the $123 level can hold steady, then with moderate volume pushing upward, reaching previous highs is possible. Plus, occasional new developments in the SOL ecosystem help keep holders relatively calm, reducing the motivation for large sell-offs.
But the risks are very real. Once the overall environment cools down, tokens like SOL with limited support are easily marginalized. Just look at its recent candlestick chart—weak bullish candles and long bearish candles, indicating that the bulls haven't really gained momentum. If it breaks below $123, coupled with a wave of panic selling, the RSI is not far from oversold territory. At that point, the scene could become quite chaotic.
How to respond? My advice is to hold your core position and avoid adding or betting on direction. If you really want to act, wait until the RSI returns above 50 or the price actually breaks out of the consolidation range. Missing some gains isn't a bad thing; impulsive moves often lead to losing everything.
In short, $123 is a dividing line for SOL. The market is shaped by trading, not by imagination. We should observe more and operate less, letting the market find its own direction. Remember, only traders who survive have the chance to make big money.