Analysis of Key Nodes for $SOL and the Current Market Landscape

$SOL is at a critical juncture in the market. Judging by the weekly chart, the key signal is whether it can break through the $215 resistance level. Once it successfully holds this level, it will likely usher in a new round of upward movement. Furthermore, based on past market trends, when Ethereum (ETH) reaches a temporary high, Sol, as a leading altcoin in the mainstream market, is also expected to be driven by a rebound.

Speaking of "altcoin season," the frenzied market of 2021 is still vivid in our minds: even "virtual coins" with no fundamental support could easily see a 20% daily increase, sending the entire market into a frenzy of gains. However, the current market environment is completely different, with capital clearly concentrated at the top. Only a few leading altcoins continue to rise, while most other altcoins are either trading sideways for a long time or stuck in a "stagnant" market, with extremely low volatility for months.

This market divergence is not accidental. The core drivers include:

• The surge in the number of altcoins has overly diluted limited capital, making it difficult to support a broad-based rally;

• Overall market liquidity is less abundant than in previous bull markets, weakening the leverage effect of capital;

• Some funds have flowed into niche scenarios such as on-chain applications and DeFi, diverting incremental capital from altcoins;

• After entering the market, institutional capital has tended to favor leading assets with strong certainty, further exacerbating the "Matthew effect."

This has ultimately led to the current "stronger, stronger, weaker" landscape: leading coins continue to attract capital, while altcoins lacking fundamentals remain largely unsold.

It is worth noting that some long-dormant coins have recently shown signs of improvement in their candlestick patterns, which is often a potential signal before a market rally. However, whether a true "altcoin season" has arrived will likely not become clearer until Q4. Most altcoins have been range-bound for the past six months. Once a trend forms, a breakout from this range could trigger a rapid market rally, leaving investors with a very limited window to enter the market. $BTC #ETH创历史新高 #BNB创新高