Something big happened, is it really the culprit behind the SOL crash?
Brothers, good evening! Today, let's talk about why SOL has been dropping so badly lately?
First, Grayscale's ETF approval has been delayed until October, causing the market's original expectations to fall flat, leading short-term funds to flee quickly; second, there hasn't been much action with the MEME coins on-chain, the PUMP and BONK projects within the same ecosystem are even fighting among themselves, resulting in scattered funds and the chain being as quiet as a deserted market.
But don't panic, the pullback is actually an opportunity! The weekly support level is around 170, which is a psychological price point for many players. After a spike in volume, the quick recovery indicates that there are buyers waiting below.
Now you can slowly buy spot, ETF approval and subsequent rebound are just a matter of time, it’s not a problem to see 300-500 in the long run, buying the dip now might help you snag a bargain!
Although the Solana ecosystem has been quiet lately, opportunities are hidden within the pullback; the key is how you pick them up!
If you’re always unsure, you can follow Sister Rong's pace; the team’s winning streak continues. Brothers who want to follow the divine strategy and learn the methods, Sister Rong is here waiting for you.
