SOL Analysis and Opinion The price of Solana has fallen below the key level of 178. 178 is an extremely important strong support level, and once this level is lost, it is highly likely to trigger a new round of bottom-seeking action. Currently, we are working on formulating a brand new investment strategy aimed at capturing price fluctuations and skillfully conducting swing trades to achieve profits.
At present, the price range of 168 - 166 and the level of 155 have begun to attract the attention of many new orders in the market. However, given that there is still a significant amount of selling behavior in the current market, the overall downward trend remains evident. In just the past few hours, Solana (#SOL) has seen over $30 million in liquidations, which indirectly reflects the weakness in the market.
Currently, we need to patiently wait for the market to enter a sideways consolidation phase. During this phase, we can accurately judge whether there is strong buying power entering by observing the market's trading volume and capital flow. Once we confirm that there is sufficient buying support, we can decisively enter the market. Special Reminder: If the price unfortunately falls below 150, it could likely trigger panic selling in the market, leading to a price plunge down to 120. Although this is just a possibility, such risks cannot be ignored in the current market environment. If you are eager to enter the market immediately, be sure to remember that due to the impact of the Libra token event, the Solana SOL network is facing many uncertainties, with various market speculations and investigations ongoing. In this situation, you must carefully consider a key question: Do I have enough psychological and financial capacity to cope with potential significant price fluctuations? #加密货币普及
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.