As the tariff date approaches, is it worth bottom-fishing SOL?
Recently, the performance of SOL has been weak, mainly for two reasons:
First, the approval of Grayscale's SOL spot ETF has been delayed again until October, which has impacted short-term market confidence and caused some short-term funds to flee.
Second, there is a lack of on-chain hotspots, the wealth effect of MEME coins has weakened, and the internal conflict between PUMP and BONK has led to a diversion of on-chain funds and a decline in activity.
However, pullbacks often present opportunities.
Currently, the key support level is around $170 on the weekly chart, with a quick recovery after a spike in volume, indicating strong market consensus.
Spot purchases can be made in batches, targeting the $300-500 range. Expectations for the ETF are still there, and a catch-up rally is only a matter of time.
Two major potential coins in the SOL ecosystem are recommended:
$JUP :
A leading DEX aggregator in the Solana ecosystem, with a complete product line covering DCA, limit orders, perpetuals, launchpads, etc.
Currently consolidating at the weekly bottom, with a price of about $0.53, targeting $0.7-1 and above, suitable for mid-term positioning.
$RAY :
A native AMM platform on Solana, sharing liquidity with Serum and showing significant control by strong whales.
Current price range of $2.8-3 can be accumulated in batches, targeting $5-8, with strong rotational expectations.
Overall, the SOL + potential ecosystem coins are in a low-positioning window,
facing short-term pressure, but the medium to long-term logic remains unchanged. The key is whether you can calmly enter during the emotional low.
