Recently, SOL's performance has been quite impressive. After stabilizing around 180 yesterday, it surged directly, breaking through 200 in one go, and today it peaked at around 210. This strong rebound indicates that bullish sentiment has been completely ignited.
From the market perspective, the previous range of sideways pressure has been broken, and the short-term trend is leaning strong, with market sentiment clearly improving. As long as it holds above 200, there is a chance to continue pushing for higher positions.
In addition to recent positive news:
The Federal Reserve has signaled a dovish stance, with market expectations for a possible rate cut in September, improving the liquidity environment.
ETH has returned to its historical highs, which has driven up sentiment across the entire sector, with funds flowing back into the public chain track.
SOL itself continues to make strides in the ecosystem and application layers, with the popularity of NFTs and DeFi also on the rise.
All of these have made SOL the focal point of capital attention.
Operational thoughts: In the short term, you can pay attention to this key level of 200. If it stabilizes, continue to be bullish; if it retraces without breaking down, it's also a new opportunity to enter. The overall trend is bullish, so do not easily go short.
—— That's all for today, go with the trend, don't go against it. $SOL