🔥【SOL Sudden Favorable News】Another listed company is spending money to buy, buy, buy! What is the impact on the market?

📢 In simple terms

The American listed company JNVR has just purchased $9.9 million worth of SOL, now holding a total of 317,000 SOL (worth $48 million)! This is no small amount, indicating that large funds are genuinely optimistic about SOL.

🤔 What does this mean?

1️⃣ Large institutions are bottom-fishing: It's not retail investors playing around, but listed companies using corporate funds to stock up, indicating they believe SOL can still rise in the future.

2️⃣ Selling pressure decreases: With so much SOL locked in company vaults, there are fewer coins available to sell in the market.

3️⃣ Possible momentum: Last time MicroStrategy aggressively bought BTC, a bunch of companies followed suit; will this time trigger institutional FOMO for SOL?

💸 Reference for contract traders

- Short-term (1-3 days):

- If SOL stabilizes above $150, watch to see if it can push to $160 (previous high resistance level).

- Breaking below $145 may require caution for a pullback.

- Medium-term (1-2 weeks):

- If the overall market doesn't crash, SOL may gradually rise with this wave of institutional buying.

- Pay close attention to the $140-$145 range; a drop here may attract large funds to stabilize the price.

⚠️ Risks to be aware of

- If BTC suddenly crashes, SOL will likely drop as well (don't hold positions!).

- The SOL ecosystem is currently very hot (various new projects, DePIN projects), but it's hard to say how long this enthusiasm will last.

📌 In summary

The large purchases of SOL by listed companies are a good thing, but don't rush in blindly; wait for the right support and resistance levels before taking action!

👉 What do you think? How high do you believe SOL can go this time? Feel free to share your thoughts in the comments!

#Solana #SOL #InstitutionalInvestment #ContractTrading #Cryptocurrency