$SOL
The black swan is coming! Double-digit sol in September is bound to come!
Yesterday's daily transaction fee dropped to $64w, the lowest in several months.
It is 87% lower than the historical high of $508w on March 18.
The low transaction fee since early May reflects the low heat of the current market.
Then the impact on the price of the currency must be significant.
On the 24th, the daily price of the currency rose by more than 10%. In this environment, the transaction fee was a new low.
At the same time, the locked volume of some sol decentralized exchanges has declined.
These factors all indicate that sol is already facing the risk of panic selling.
From the market point of view, the expected black swan after the daily level broke through the pattern at the end of July has already indicated that the market has reached a bottleneck. Even if the new blood enters the market after a 40% retracement, it still cannot change the phenomenon of weak market.
The current price is facing a key conversion position near 160. These data all indicate the direction of the price!