The recent rebound of SOL is too fierce! After the pullback, it surged by 60%, and the $200 threshold is just around the corner.

Who hasn't noticed SOL's strong counterattack? After the sell-off, it directly entered a rampage mode, with an increase hard to believe at over 60%. It is now focusing on breaking through the resistance at $200, and the strength of this rebound is simply exhilarating!

The technicals are also very reassuring. Currently, SOL is steadily oscillating in the range of $175 to $212, gathering strength. The moving averages clearly indicate a bullish pattern, and the RSI indicator is also releasing positive signals, obviously there is still a considerable amount of upward momentum not yet unleashed.

More importantly, the fundamentals are solid! The network has been running uninterrupted for 21 months, and its stability is unquestionable. Moreover, the Solana ETF in Hong Kong is about to launch, and the products from Huaxia Fund (Hong Kong) will be listed soon, which is a significant positive for bringing in new liquidity.

From the low point to the current rebound, SOL's resilience is evident. Next, we will see if it can firmly stand at the $200 mark. Friends in the crypto community should pay close attention to this~ #solana