Under the dual pressure of shrinking volume and contract liquidation, SOL's price has fallen to the resonant support level between the lower Bollinger Band and the lower edge of the 70% value zone. Short-term funds are quietly accumulating buy orders at $196-197, waiting to fill the $203 POC gap. A breakout with significant volume could open up a 6% upside potential. Key Range Structure and Volume Distribution 1. Value Anchor Zone: POC $203.63. Selling pressure is 12M↑ above, but up volume is only 47%. The main force has not yet fully launched an upward attack, which can be considered a "false resistance." 2. High Volume Zone (HVN): $202.35-205.55. Trading volume is dense, and a pullback to this level could create a strong buffer. HVN $207.47-208.11 below is secondary resistance. 3. Low Volume Gap (LVN): $196.27–$196.91 (near the current price) and $215.78–$217.70. The former is a short-term pullback "spring," while the latter is a post-breakout acceleration channel. 4. 70% Volume Coverage: $186.99–$211.95. The current price is at the lower 25th percentile, slightly oversold, and possesses mean reversion momentum. Momentum Verification: Upward volume in the $196–$197 range accounts for 66%, indicating active buying; upward volume near the POC is 47%, indicating a lack of consensus. Auxiliary Indicators: MA200 at 202.48, upper band at 203.01, price deviation -2.66%, Bollinger Band width narrowing, impending a market reversal window; 5-day net outflow of contract OI -13.16%, increasing expectations of short-covering. Market Cycle The medium-term is still in a "high-level oscillation digestion" phase. In the short term, it's consolidating with shrinking volume at the end of a decline, potentially triggering a technical rebound at any time. Trading Strategy • Entry: – Aggressive: 196.50 retraces to the inner side of the LVN; a 15-minute bullish pattern with large volume indicates a long position. – Conservative: 195.80–196.00 (lower band + 0.5×ATR), waiting for a 5-minute double bottom. • Stop-loss: 194.70 (nearest lower HVN 195.30 - 0.5×ATR). • Targets: ① 203.60 (PoC), ② 207.50 (upper HVN), take profits in batches. • Profit/Loss Ratio: When the target is 203.60, (203.60-196.50)/(196.50-194.70) = 7.1/1.8 ≈ 3.9:1. Risk Warning: If the 1-hour closing price falls below 194.50 and Down Volume > 60%, the strategy will be invalidated and short positions will be implemented. LP Market Making Recommendations It is recommended to place two-way orders in the 195.00–205.00 USDT range. This range covers major HVN and POC assets, with dense trading volume and low slippage. Move the stop-loss range to 193.5/207.5 to prevent a unilateral breakout and a loss. Multi-Dimensional Commentary • Fundamentals: The Solana Firedancer client's Q4 testnet is approaching, with a theoretical TPS exceeding one million. The ecosystem's TVL has increased by 42% this year, and the on-chain DEX's daily trading volume remains among the top three. • Technology: SVM parallel execution + localized fee market reduces congestion and MEV; however, the hardware threshold is high and the degree of decentralization remains questionable. • Ecosystem: Meme, DePIN, and AI are three major narratives running parallel, with leading players Raydium and Jito continuing to drain liquidity. The NFT market is rebounding, with MadLads' floor price increasing by 28% month-over-month. • Challenges: FTX faces the specter of liquidation pressure and the SEC's securities designation remains undecided. Competing chains Sui and Aptos are accelerating subsidies to attract developers. Like and follow for real-time updates! Thanks to "Silicon Flow" for providing the large-scale base model! Use invitation code to receive 20 million tokens: 6uXvHFfr $SOL #Influx of funds drives SOL's price upwards