Family, today Yang Ge will talk about the SOL market this afternoon! Let's first look at the technical indicators. In the 4-hour chart, the MACD histogram has turned positive from negative and is still shortening, the bearish momentum is about to disappear, and a golden cross is about to form. This is the rhythm of a rebound! The current RSI value is 35, which is almost in the oversold range. The demand for rebound and recovery is particularly strong, just like a spring that has been compressed for a long time, ready to bounce back at any moment!

Now let's talk about the advantages of Solana. This public chain network has a processing speed of 65,000 TPS, which is incredibly fast! As the core layer for DeFi and NFT applications, the ecological TVL increased by 12% in just one week, which is impressive! Moreover, the number of new dApps in 2024 is expected to surpass Ethereum, with on-chain active addresses exceeding 14 million, a year-on-year increase of 300%. Developers love to flock here!

Although the short-term approval probability for BlackRock's SOL ETF is low, the market believes that "the three major public chain ETFs will eventually be realized." Wang Feng, the founder of Blue Harbor Interactive, has also publicly stated that SOL has "latent benefits."

Yang Ge has given operational advice to go long near 173.20 - 174.50, with an initial target at 177.10. If luck is on our side, reaching 180 is also a possibility. However, the market is highly volatile, so everyone should be cautious when trading and observe more closely! #SOL