Exploded! SOL stands firm at the key $200 threshold, the funding ecosystem is working together, should retail investors rush in or wait under high volatility?
Recently, SOL has stabilized at the $200 integer level, attracting market attention, backed by positive changes in both funding and the ecosystem.
On the funding side, institutions are actively positioning themselves, with over $200 million flowing into the SOL ecosystem fund last Friday alone, showing professional investors' confidence in it.
On the ecosystem side, several key applications have recently launched, with a certain decentralized finance application breaking 100,000 users and over $500 million in trading volume within three days, significantly increasing ecosystem activity.
Short-term price adjustments are a healthy correction; technically, the adjustment range is reasonable, and trading volume is stable, with no panic selling. Attention should be given to the support range of $213.5-$215.5, if it stabilizes, it may aim for the $219.5-$220 range.
It should be noted that SOL's volatility has increased recently, with daily fluctuations exceeding 10% becoming the norm. Retail investors should manage risk effectively, it is advisable to set reasonable stop-losses, avoid heavy positions, and take profits in a range market promptly.
Overall, SOL's fundamentals are solid, and the technical aspects show potential for accumulation. Retail investors need to remain rational and develop investment strategies based on their own risk tolerance.
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