$SOL has shown significantly outperformance recently compared to $BTC and $ETH. Yesterday, I established long positions near 86 with a stop loss set at 84.9, and the current price level and directional analysis have both been validated.



Many investors are curious about the core logic behind SOL's strong rebound, which essentially stems from **oversold recovery**: In this bear market cycle, BTC accumulated losses of 52%, $ETH of 64%, while SOL's decline reached 77%, nearly approaching altcoin pullback levels, yet its fundamentals have already entered the mainstream public chain tier. SOL's typical "explosive rally and sharp crash" trading style determines that the rebound elasticity after oversold conditions will have even more explosive force.

From the daily structure perspective, $SOL 's bottom continues to rise, previously encountering resistance multiple times near 85, and after the breakthrough, resistance has converted into key support. Setting the stop loss at 84.9 precisely aims to avoid false breakout risks. Currently, the 85 level has completed three retests confirming that support effectiveness has been strengthened.

For short-term resistance, watch the 92 level. If it can be effectively broken through, upside space will open further.
SOL3.57%
BTC2.45%
ETH3.54%
View Original
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin