The weekly trend of SOL is very crucial. If it can close with a bullish candle this week, the following market conditions are sure to be favorable.

Why am I paying special attention to it? Recently, Bitcoin has been fluctuating and correcting, leading many altcoins to crash, but SOL has managed to remain stable, showing a clear independent trend and strength.

From the weekly rhythm, the lows are gradually rising, and the highs are also building momentum. If this bullish candle can hold, it will be a clear signal of a strong rebound. The flow of market funds is very straightforward; funds will move towards the coins that resist declines, and SOL is currently one of the few assets recognized by the funds.

Additionally, Pantera Capital has announced plans to raise up to $1.25 billion to acquire a listed company and transform it into an investment platform focused on Solana, called 'Solana Co.' This action directly indicates institutions' high recognition of the Solana ecosystem, which is expected to further drive up the demand and price of SOL.

If a strong rebound can indeed take place, hitting a new high of $300 will not be a problem. The key lies in this week's close. Once a bullish candle is confirmed and stabilized, it is very likely to be the starting point of a new wave in the market. Personally, I believe that SOL is currently the benchmark for resistance in the market and deserves close attention.

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