With the approaching tariff date, is $SOL worth bottom-fishing?
SOL has recently performed poorly, mainly due to the delay of Grayscale's SOL ETF until October, causing short-term investors to sell off as market expectations are pushed back; at the same time, the on-chain MEME coins lack effective wealth creation effects, and internal conflicts have arisen in PUMP and BONK, which are part of the SOL ecosystem, leading to decreased liquidity.
However, a pullback is an opportunity! The current weekly support is around 170, and the price has quickly rebounded after a sharp drop. This position is widely recognized in the market, and spot purchases can be considered at this price level. Expectations for the ETF and for a rebound still exist; it’s just a matter of time! The long-term target can reach $300-500.
Potential coins in the SOL ecosystem:
$JUP : As a DEX aggregator based on Solana, Jupiter continuously improves liquidity and launches multiple new products. The current weekly bottom is consolidating, with a current price of 0.53 and target price of 0.7-1.0.
$RAY : Raydium is an AMM platform on Solana, with strong control from major investors. The current price is 2.8-3.0, and purchases can be made in batches, with a target price of 5-8.
In the current market context, SOL and its ecosystem still offer investment opportunities.
Day attention: MDT KERNEL SOPH CVX ENA
