Solana (SOL) Strong Rebound, Behind the Scenes Revealed!

This week, Solana (SOL) briefly fell below the $125 support level, but the market quickly rebounded, with SOL's price soaring by 7.81%, returning to the $129-144 range! This rebound has filled the market with expectations for future increases!

Reasons Behind It:

Whale Accumulation: A large transfer of nearly 606,000 SOL indicates that long-term holders' confidence remains strong, and they are increasing their positions!

Derivatives Market Booming: Open interest has increased by 10.11%, and trading volume has risen by 24.28%, showing traders' expectations for future volatility and a resurgence in market sentiment.

Solana ETF Probability as High as 74%: By 2025, the probability of Solana ETF approval is 74%, and this news has sparked strong interest from institutional investors, providing support for Solana's long-term growth.

My Take: The recent rebound of SOL is not coincidental; the interest from institutions and the actions of whales have brought strong confidence support to the market. In the short term, it may continue to approach the $200 range, but the market volatility in the short term also requires us to remain flexible and responsive at all times.

Pace yourself, go with the trend, and operate flexibly to ensure stable profits amid market fluctuations! #PEPE #XRP #DOG #SOL #ADA