SOL is about to receive a major positive news, is there a chance it could rise to 1000?
SOL's ETF might be approved on October 16th. After the ETF approval, it will bring more capital inflow. Referring to the ETF approvals of ETH and BTC, generally, before the approval, positive expectations will lead to a rise, and after the approval, the positive news may cause a drop...
Looking at the secondary market, currently BTC and ETH are in a process of fluctuation and retracement. Although SOL has been affected by the retracement, the intensity of the retracement is decreasing, but the rebounds are getting faster, which means there is corresponding capital supporting the lower levels. Currently, the weekly level is oscillating upward.
Now focus on the four-hour MACD; as long as it can rise above the zero line, it will drive a wave of market growth. If it can go above 205, it will move around 250. At present, the market sentiment towards SOL is very negative, and it is precisely this negativity that presents an opportunity. Therefore, those who are optimistic about SOL's potential for growth can consider entering the market in batches.
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