The August 1st tariff is approaching. Is August really the best time for retail investors to bottom out???
The mainstream coin that has been washed out severely recently is $SOL , which has fallen 17% and shows a relatively weak trend.
On one hand, everyone knows that the grayscale ETF has been delayed until mid-October, leading to panic selling in the market. Meanwhile, ETH is almost reaching 4000, and there is no longer confidence in SOL.
Secondly, the lack of beneficial effects in the ecosystem can also lead to a weakening of the public chain. The most famous thing on the SOL chain is the MEME coin, but recently there hasn’t been much beneficial effect, and the PUMP and BONK internal leverage have caused significant capital diversion.
So do these two points mean that the outlook for SOL and its ecosystem is not optimistic?
It is normal for more washing during a bull market. Last night, Powell's speech caused a waterfall-like decline in the market, leading to heavy losses in long positions. However, the rapid recovery at SOL170 is a consensus point for many retail investors. Those saying SOL will drop below 120 are just talking nonsense.
At this position, it is possible to continue entering the market, as the market will still speculate on ETF expectations. Surviving tonight and tomorrow, SOL is about to start a catch-up rally. The medium-term outlook is 230-250, and the long-term target is above 300; there is no problem at all. 300 will definitely be reached, and the pattern can look towards 500.
SOL ecosystem focuses: $JUP 【DEX Aggregator】, #Ray 【AMM Platform】, WIF【The most potential Meme coin in the SOL ecosystem】
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