#SOL Coin surges 15%! Is it a sign of takeoff or a death spiral?

Today, the SOL coin has gone crazy, skyrocketing 15% in 24 hours, firmly securing a position in the top five by market cap! Does this trend and momentum make your palms sweat and your heart race?

Look at this K-line chart, the bullish army is charging forward like they've been pumped with energy, and trading volume has surged by 300%! The market makers must be planning something big!

But don’t rush into trading; we need to stay calm—MACD has just given a golden cross, but RSI has already soared to 85, with overbought alarms ringing loudly! Are the market makers not afraid of retail investors taking over? Or is it that… they have already set up short positions at high levels?

The SOL ecosystem has indeed been strong lately, with new public chains launching and DeFi lock-up volumes doubling, even traditional institutions are starting to position themselves.

But let’s not forget that the crypto market has always been fraught with dangers! The sword of Damocles of the Federal Reserve’s interest rate hikes still hangs overhead. If Bitcoin pulls back, can SOL stand strong on its own? There are no permanent gods in the crypto world, only eternal greed and fear!

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