Ray is trying again to break through the resistance level of 3.866. If it can break through and stabilize at 4u, it will break through the neckline of the W-bottom pattern at 3.866 and enter the box range of 4-6.5u. If it cannot break through, it will fall back and continue to consolidate before launching another attack. Therefore, wait for a valid breakthrough and stabilization at the neckline, or for a drop to the daily Bollinger band middle line at 3.5, which would be a good opportunity to increase positions.

Hehe... This can definitely be considered the biggest positive news for SOL recently. The top three crypto capital firms, Galaxy, Jump, and Multicoin, are seeking to raise $1 billion specifically to purchase SOL tokens. Additionally, Raydium has spent a total of $196.3 million to buy back 71 million RAY, accounting for 26.4% of the circulating supply. This is also a huge positive for RAY itself. It's just unfortunate that every time SOL receives good news, it coincides with a market downturn, truly an unfortunate turn of events. If this positive news had appeared during a market uptrend, SOL would surely have achieved a breakthrough. Could SOL be the next mainstream coin to successfully replicate Ethereum's market performance? Sister Bei is looking forward to it... One must believe that in a bull market, anything is possible
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