As the tariff date approaches, is it worthwhile to bottom out SOL!!!
The recent weakness of SOL is partly due to the delay of Grayscale's SOL ETF until October, and the market expects another delay, causing short-term players to sell off. On the other hand, on-chain MEME coins are not generating much wealth, and the SOL ecosystem's PUMP and BONK are fighting among themselves, leading to a shortage of on-chain funds.
A pullback is an opportunity; the weekly support is at 170, with a quick recovery after a spike in volume. This position is a consensus point for most players, and at this level, one can continue to enter the spot market. The expectations for the ETF and a rebound are still present; it is only a matter of time! In the long term, looking at 300-500#sol
Opportunities in the SOL ecosystem!!!
JUP: Jupiter is a DEX aggregator based on Solana, designed to gather liquidity for traders seeking the best possible prices and minimal slippage. Jupiter was originally envisioned as a trading engine, and the protocol has since launched many different products for various types of users, such as Dollar Cost Averaging (DCA), limit orders, perpetual trading, and the recent Launchpad.
The weekly bottom is consolidating, and the current price of 0.53 can be positioned, targeting above 0.7-1.
RAY: Raydium is an automated market maker (AMM) platform built on Solana, where users can trade and provide liquidity to earn returns on digital assets. However, unlike other AMM platforms, Raydium's AMM provides on-chain liquidity to Serum's central limit order book, which means that Raydium's users and liquidity pools can access the entire order flow and liquidity of the Serum ecosystem, and vice versa.
Strong institutional control, the current price of 3-2.8 can be entered in batches, targeting above 5-8.
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