Solana: Shanghai Event Postponed After Quadrupled Demand
Ben Zhou highlighted Lily Liu's update that Solana's Shanghai event registrations quadrupled overnight, forcing a postponement to meet local venue requirements and better serve the Chinese community.
SourceAnalysis
Ben Zhou amplified Lily Liu's statement that Solana's Shanghai gathering drew four times the expected registrations after strong Chinese community interest pushed the event onto major screens. Organizers exceeded local authority caps and chose to delay the event rather than risk overcrowding.
SOL trades at $106.04 inside its Bollinger band with the upper edge at $109.39 acting as immediate resistance. Price sits below both the EMA50 at $108.78 and EMA200 at $110.51, confirming the broader bearish structure, yet the MACD golden cross at -1.04 signals building momentum while RSI at 47.36 remains neutral. A rejection at the upper band would likely target the EMA50 support before any sustained upside attempt.
Ben Zhou
@benbybitThe official account for Bybit CEO Ben Zhou, offering a leadership perspective on cryptocurrency exchange operations and global market expansion. Content includes corporate announcements, market commentary, and insights into Bybit's product development and international strategy.