This week, the focus remains on the progress of the stablecoin bill, which affects BTC sentiment. Currently, after a surge, there is a slight pullback and fluctuation, but overall the sentiment is still good. The continued rise of ETH is also driving SOL to trend upwards.

Returning to the data for $SOL, the trading volume slightly increased on Wednesday, with over 10 million chips changing hands, as seen in the red font in the image. It remains within the recent fluctuation range, mainly due to short-term chips below 159 taking profits, while long-term chips at 59 dollars saw over 1.4 million sold. Just as expected, as soon as it rises, people sell.

Then, there are not many long-term chips from other ranges that have left the market. Each price still shows a few hundred to a few thousand chips, with possibly over ten thousand being reduced, which is not considered much.

From the accumulation of chips and the short-term trading chips, the current highest accumulated chip remains around 162 dollars, exceeding 50 million chips. It seems to form a temporary support between 153 and 163, but of course, this is only short-term.

The main focus is still on the Federal Reserve and the crypto legislation. This affects BTC sentiment, and consequently, SOL also follows BTC's emotional fluctuations. For a significant rise, market funding sentiment support is needed, along with new independent hype for SOL. Let's keep an eye on it as we go along.