Currently, the SOL/USDT currency pair is showing an unstoppable strong upward momentum with tremendous force. At this moment, its trading price stands firmly at a high of $205.08, and in the past short 24 hours, the increase has reached a remarkable 9.25%. During this period, the price fluctuated significantly between a peak high of $206.29 and a trough low of $185.84, resembling surging waves, creating countless excellent opportunities for traders to reap substantial profits from price fluctuations. In this intense competition over the last 24 hours, the trading volume of SOL reached an astonishing 3.81 million coins, equivalent to a massive capital flow of $743.48 million, vividly showcasing the market's high liquidity and extreme activity akin to a blazing fire.
Looking back at SOL's market performance, over the past 7 days, it has climbed steadily by 1.89%, while in the past 90 days, the increase has surged to 38.08%, undoubtedly highlighting its strong recovery trend and immense growth potential. Although in the brief period of the past 30 days, the asset price experienced a slight adjustment of 7.50%, this is merely a small ripple on the long bullish journey. When we look further back, in the past 180 days, SOL has surged by 40.36%, and over the past year, it has skyrocketed by 112.22%. These impressive figures unmistakably emphasize its resilience and unique charm amidst long-term market waves.
For short-term traders, the key support level near $200 stands like a solid fortress, while the resistance level near $206 resembles a towering mountain, undoubtedly serving as critical signposts in trading decisions. For those adhering to a long-term investment philosophy, SOL's ongoing upward trajectory, coupled with its esteemed position as a leading first-layer blockchain in the field of blockchain, makes it a worthy choice for building a diversified investment portfolio. Here, we solemnly remind all investors to always keep a close watch on the ebb and flow of market trends, pay attention to every update in the ecosystem, carefully refine and optimize their investment strategies, and strive to maximize returns in this grand wave of cryptocurrency investment.