🔥Solana is just one step away from "taking off"!!!
Currently, SOL has surged to the $200 mark, and the technical analysis presents a very enticing "cup and handle" pattern signal—if it breaks through, the target will directly aim for $350 🚀
At the moment, market sentiment is boiling:
📊 Open interest in futures has soared to $6.8 billion, and leveraged long positions account for as much as 69.74% on Binance, indicating that a lot of people have placed heavy bets, ready to strike high.
However, don't just focus on the positive side ⚠️
This market is currently sustained by traders speculating and leveraging, and the basis at CME isn't high, suggesting that it hasn't attracted more institutional money from the beautiful country yet.
So here comes the key point:
✅ Stabilize at $200, and the next targets of $250 and $350 are not dreams
❌ If it can't break through, a pullback to $185 is not out of the question, and it may even test the $150 support line downwards.
Solana is now at a critical moment; once it breaks through, it will be a "return of the king" scenario, but if it doesn't stabilize, don't be too attached to the battle—knowing when to take profits is also a crucial skill for experts 🎯
