$SOL Good news is out, but the price is playing dead? The 100 level is the line between life and death! 😤📉
Alpenglow officially launched yesterday, with 654 validators up and running. Finality dropped from 12.8 seconds to 150 milliseconds, which the team hailed as the biggest consensus upgrade since the chain launched. So what happened to the price? It’s been flat around 105, barely touching 109.2 at yesterday’s high.
But don’t let the price action fool you—the chart still looks solid: the low over the past four days was 100.4, and that psychological support at 100 hasn’t been breached. A double bottom is clearly taking shape. The EMA 12 and EMA 50 just formed a golden cross around 108, and the medium-term trend is still intact.
The awkward part is that the current price of 105.3 is wedged between the rising and falling trendlines. The triangle is narrowing, and a breakout could happen within the next couple of days.
In short, my view comes down to this: as long as 100 holds, the first rebound target is 108 (the golden-cross level and double-top neckline). If it holds above that, then we can talk about breaking 110. If 100 gives way, the bullish thesis is invalidated on the spot—I’ll admit I was wrong.
Just my personal opinion, not financial advice.
#SOL #Solana #技术分析 #Alpenglow #Cryptocurrency
Alpenglow officially launched yesterday, with 654 validators up and running. Finality dropped from 12.8 seconds to 150 milliseconds, which the team hailed as the biggest consensus upgrade since the chain launched. So what happened to the price? It’s been flat around 105, barely touching 109.2 at yesterday’s high.
But don’t let the price action fool you—the chart still looks solid: the low over the past four days was 100.4, and that psychological support at 100 hasn’t been breached. A double bottom is clearly taking shape. The EMA 12 and EMA 50 just formed a golden cross around 108, and the medium-term trend is still intact.
The awkward part is that the current price of 105.3 is wedged between the rising and falling trendlines. The triangle is narrowing, and a breakout could happen within the next couple of days.
In short, my view comes down to this: as long as 100 holds, the first rebound target is 108 (the golden-cross level and double-top neckline). If it holds above that, then we can talk about breaking 110. If 100 gives way, the bullish thesis is invalidated on the spot—I’ll admit I was wrong.
Just my personal opinion, not financial advice.
#SOL #Solana #技术分析 #Alpenglow #Cryptocurrency