2025-12-24 07:23:57

Staring at the 1-hour chart of SOL, a detail becomes apparent—the MACD's yellow and white lines seem to be climbing toward the zero axis, but upon closer inspection, they are nowhere near it. Instead, they quietly shift from a golden cross to a death cross. This signal is crucial because it suggests that this is not a genuine rebound, but rather a trap during a downtrend.

On the news front, there’s more bad news. The publicly listed company Upexi holds 2 million SOL tokens and recently applied to the SEC for $1 billion in financing. On the surface, this seems positive, but the stock price has plummeted from $22 to $1.8, with an 8.3% drop in a single day. The financing application likely indicates cash flow issues, and they probably will sell off their SOL holdings to raise funds. The market votes with its feet, and the stock’s performance tells the story.

The four-hour chart shows an even clearer picture. The MACD performs a "fake-out" below the zero axis, with a clear trend from a golden cross to a death cross. Trading volume first shrinks and then suddenly surges, with red bars pushing higher—classic signs of distribution. The RSI is still stuck in the oversold zone, indicating that downward momentum still has room to run and hasn’t been fully exhausted.

Therefore, at this current level, SOL has not yet bottomed out. The technical warning is very clear: impulsive bottom-fishing could lead to traps.

Looking ahead, SOL may continue to probe lower. The resistance zone at 130-133 is a tough barrier; a rebound to this level could be a good point to consider short positions. The initial target is around 124-120, where a small rebound might occur (suitable for quick short-term trades). The ultimate support level is near 116, which could be the place where this wave of decline finally halts.

But there’s a key detail—if the volume suddenly surges and breaks below 120, and even the 116 support cannot hold, then be prepared for a deeper bottoming process.

SOL-0.83%

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WalletManager

· 14h ago

The trap of诱多 is indeed powerful. I had already transferred my SOL to a cold wallet and was waiting for the death cross confirmation. --- 2 million SOLs are about to be dumped? It seems Upexi's private key management team needs to work overtime. This round of funding application really speaks volumes. --- As soon as the death cross appeared, I knew this was not a bottom-fishing opportunity. 116 is the true re-entry point. Why rush now? --- MACD fakeouts are the most annoying. So many people got fooled. I’ve already set the risk factor to the highest level, preparing for a deep bottom. --- Suddenly dropping below 120 on high volume? That’s the ultimate cleansing. Be mentally prepared, everyone. --- Last time I shorted at the 120 level, and this time I need to be even more cautious. Such a clear death cross signal on the technical chart won’t lie. --- The proportion of SOL in my asset allocation has been reduced to the minimum. I’d rather miss the rebound than get caught. --- Interesting, Upexi’s stock price dropped from 22 to 1.8, indicating that on-chain big players had already spotted the problem. I trust the market’s judgment.

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staking_gramps

· 14h ago

Another fake move, are you tired of this routine? Upexi’s 2 million SOL will eventually dump, the clear signal of financing shortage. Once it breaks 120, get ready to buy the dip at the floor price. The rally might just be a trap to lure more in, and the technicals don’t lie. If this wave continues, 116 might really be unprotected; be prepared. Wait until 120 breaks; don’t even try to touch it now. With the MACD death cross so clear, those trying to buy the dip deserve it.

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FromMinerToFarmer

· 14h ago

Many have fallen into the trap of pump and dump, but Upexi's 2 million SOL is truly remarkable. Once the funding application was announced, it was clear they intended to dump. It's both a sign of distribution and a false alarm. At this pace, SOL might dip even further. If the 120 level is broken, be prepared for a drop below 116. I think I'll wait and watch for now. The MACD death cross makes me cautious. This time feels different. Bottom fishing? Wait a moment, let the sellers finish off first. Upexi rushing to raise funds is a signal; the market will give the answer. Is 116 really the last line of defense? I’m not so sure.

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GweiWatcher

· 14h ago

The trap of诱多 is so covert, Upexi's 2 million SOL will eventually be dumped MACD death cross is so obvious, yet you still dare to buy the dip? No wonder you're trapped Can 116 hold? That's the key. Once broken, it's game over This wave of SOL still has room to dip, I will consider action below 120 Upexi financing application = cash shortage = imminent sell-off, the logic is very clear Fake-out, classic distribution rhythm, greed for a moment can cost a year's worth What does RSI in oversold zone indicate? It shows that cheap goods are not yet cheap enough A rebound to 130-133 is the real opportunity to short; chasing high now is just giving away money A surge in volume combined with red candles pushing prices up, isn't this just a sign of dumping? The 120 level is too critical; once broken, there will be no bottom.

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SchroedingerAirdrop

· 14h ago

Damn, is this another trap to lure more buyers? SOL is trying to trap me to the death. Upexi's team is definitely planning to dump the market; financing is the signal. If 116 doesn't break, there's still hope; once it's broken, it's game over. I just want to know, can it really stop if it drops below 120? I'm still holding, and now I regret not closing out completely earlier. Wait for the rebound to 130 before making a decision, don't be impulsive. This technical setup is really strong; MACD is beyond saving. RSI is still in oversold territory, indicating it could drop further.

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CryptoSurvivor

· 15h ago

The old tricks of trapping buyers are the same as always. Just watch the show and it's over. --- It's the same old story of financing and selling off. Upexi's recent move is really disappointing. --- Such a clear death cross signal—still dare to buy the dip? Bro, that's gambling mentality. --- If 116 breaks, it's really time to wash up and sleep. No more messing around. --- The technicals are so bearish, still hoping for a rebound? Dream on. --- The sell-off signal is so clear—those blindly buying the dip are just cash machines. --- Every time, they say this level is the bottom, but it still pushes lower. SOL really knows how to stir things up. --- I've seen this fake-out trick many times. I already sold my positions early. --- If the 120 line breaks, I'll just go flat. It's too torturous. --- Upexi's stock price is crashing so hard yet they still raise funds, indicating cash is really tight. How can SOL be doing well? --- Don't ask me how I know—if you've been trapped, you'll understand. --- RSI is still in oversold territory, meaning the suffering hasn't even started yet. --- This analysis is quite solid, but still, be cautious. --- It looks like a steady bearish situation. Don't be greedy for a rebound. --- The worst thing is a sudden volume spike breaking support levels—that's when everything really goes chaotic.

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