#日本央行加息至31年高位 $SOL SOL spot is now reported at $108.68, down 3.07% over the past 24 hours, and is pulling back from the recent high above $112. To be honest, this number is both surprising and not surprising at the same time—what’s surprising is that just three days ago it hit a seven-month high, while what’s not surprising is the 54% rally from $70.69 to $112, which really does need a breather.
From the chart, the technical indicators are almost unanimously pointing to short-term momentum exhaustion. The MACD histogram has already returned to zero. The RSI has slipped into the upper half of the neutral zone at 60.14. The %B value of 0.86 on the Bollinger Bands suggests price is riding close to the upper limit, with $110.92 acting as a hard ceiling. Even more worth noting is the long-vs-short tug-of-war: the smart money long/short ratio is still as high as 1.94, with whales stubbornly holding longs; but the active buy/sell ratio is only 0.7075, and sell-side contracts far exceed buy-side ones—real near-term selling pressure is definitely there.
However, what matters more is the structural logic behind this pullback. Holdings in the U.S. spot Solana ETF have reached $1.41 billion. Bitwise’s BSOL fund has seen cumulative inflows exceeding $1 billion. On-chain stablecoin supply has surpassed $15 billion. DEX monthly trading volume is over $47 billion—these are numbers that can’t be propped up by short-term speculation. On top of that, last week Solana compressed the block time slot from 300 milliseconds to 250 milliseconds, and network performance is still continuously improving.
In plain terms, SOL is in a state of “tiring in the short term, but not sick in the long term.” $106.55 is the first line of defense; if it breaks, watch for a convergence between $104.43 and the 7-day moving average zone. My personal view is that this pullback looks more like normal digestion after a squeeze, rather than a trend reversal. The key signal to truly watch is whether the daily chart can reclaim the pivot at $109.53—if it can’t, the correction may still need to stretch longer.$BTC $ETH #日本央行加息至31年高位
From the chart, the technical indicators are almost unanimously pointing to short-term momentum exhaustion. The MACD histogram has already returned to zero. The RSI has slipped into the upper half of the neutral zone at 60.14. The %B value of 0.86 on the Bollinger Bands suggests price is riding close to the upper limit, with $110.92 acting as a hard ceiling. Even more worth noting is the long-vs-short tug-of-war: the smart money long/short ratio is still as high as 1.94, with whales stubbornly holding longs; but the active buy/sell ratio is only 0.7075, and sell-side contracts far exceed buy-side ones—real near-term selling pressure is definitely there.
However, what matters more is the structural logic behind this pullback. Holdings in the U.S. spot Solana ETF have reached $1.41 billion. Bitwise’s BSOL fund has seen cumulative inflows exceeding $1 billion. On-chain stablecoin supply has surpassed $15 billion. DEX monthly trading volume is over $47 billion—these are numbers that can’t be propped up by short-term speculation. On top of that, last week Solana compressed the block time slot from 300 milliseconds to 250 milliseconds, and network performance is still continuously improving.
In plain terms, SOL is in a state of “tiring in the short term, but not sick in the long term.” $106.55 is the first line of defense; if it breaks, watch for a convergence between $104.43 and the 7-day moving average zone. My personal view is that this pullback looks more like normal digestion after a squeeze, rather than a trend reversal. The key signal to truly watch is whether the daily chart can reclaim the pivot at $109.53—if it can’t, the correction may still need to stretch longer.$BTC $ETH #日本央行加息至31年高位