Recently, SOL's performance has been quite interesting. The trading volume on the 30-minute timeframe suddenly pumped up by 1.9%, and such volume fluctuations are often not without reason.
From a technical perspective, SOL's current price is stuck at 124.45 USDT, while the support system below is quite solid. The benchmark support at the 1-hour level is around 124.4, just a 0.12% distance from the current price. Looking down, the range from 123.3 to 125.69 forms a relatively solid support zone, which is basically difficult to breach easily.
From a trading perspective, the sharp increase in trading volume often indicates that the market is about to start moving. Now that we are close to a key support level, if we can place buy orders around the price of 124.4, we can better grasp the potential upward space that may follow. Of course, we still need to continuously monitor SOL's subsequent performance; whether the volume can continue to increase will be an important reference.
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FlippedSignal
· 20h ago
I've seen this trick of increasing volume too many times, and in the end, it still fell through support.
Here comes the same old rhetoric... To be honest, I placed an open order at this price of 124.4 a long time ago, just waiting to be played for suckers.
A solid support system? Uh... they said the same thing last time, and what happened then?
It's really just gambling on whether the volume can sustain; it feels quite risky.
If SOL can really get started this time, it would be ridiculous; I still want to buy the dip.
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SadMoneyMeow
· 20h ago
The volume fluctuation this time is real, but I'm not too confident to bet on this support at 124.4...
Recently, SOL's performance has been quite interesting. The trading volume on the 30-minute timeframe suddenly pumped up by 1.9%, and such volume fluctuations are often not without reason.
From a technical perspective, SOL's current price is stuck at 124.45 USDT, while the support system below is quite solid. The benchmark support at the 1-hour level is around 124.4, just a 0.12% distance from the current price. Looking down, the range from 123.3 to 125.69 forms a relatively solid support zone, which is basically difficult to breach easily.
From a trading perspective, the sharp increase in trading volume often indicates that the market is about to start moving. Now that we are close to a key support level, if we can place buy orders around the price of 124.4, we can better grasp the potential upward space that may follow. Of course, we still need to continuously monitor SOL's subsequent performance; whether the volume can continue to increase will be an important reference.