Recently, I've been focusing on multiple cryptocurrencies, and c-38 is one of the key focuses. Just now, SOL broke through the $200 mark, and in the 4-hour K-line, the bulls are charging aggressively. But don’t rush to celebrate; there are three critical pitfalls hidden behind this surge. Chasing high now may just mean giving the traders more ammunition!
Why was SOL able to surge above $200? I've been observing for a long time, and it boils down to the following points.
First, its technical aspect has firmly broken through resistance. This time SOL breaking through $200 is not coincidental. From the K-line perspective, the bulls have directly torn through the key resistance level, and the MACD indicator shows that the bulls are still ramping up. However, there is a detail to note: the KDJ value has dropped to 15, entering the oversold area, which simply means it has risen too quickly and may need a breather in the short term.
Furthermore, Solana is not just an empty shell! There are over 1,500 projects in its ecosystem, covering DeFi, NFTs, and the Metaverse. In the first quarter of 2025, the on-chain users and transaction volume are expected to explode. Even more fierce is the influx of institutional funds, with Grayscale buying up assets, pouring traditional capital into the ecosystem.
Additionally, the Trump administration allowed 401K retirement accounts to purchase cryptocurrencies, effectively opening a funding channel of $12.5 trillion for public chains like Solana, directly pushing the price of coins upwards.
However, I still notice a few existing risks, which are not just risks but also key factors determining whether SOL can progress further.
First, the technical flaws have not been resolved, and the shadow of downtime still looms. Solana has previously crashed several times due to network congestion, and there were issues with downtime from late 2024 to early 2025. Now Ethereum 2.0 is upgrading, and competitors like Avalanche are also in pursuit. If Solana does not resolve the congestion issue well, its market share could be snatched away in an instant.
Additionally, locked tokens might press down on prices, and institutions could sell off. The Trump family holds 22.5 billion SOL and has not sold yet. Now that the coin price has risen, the future unlocking will mean continuous selling pressure. What’s more critical is that while institutions like Grayscale are increasing their holdings now, short-term volatility may be amplified.
More importantly, the SEC's scrutiny remains, and the policy risk has not dissipated. The Trump family previously cashed out hundreds of millions of dollars through special operations, and this matter has already caught the SEC's attention. If regulatory policies suddenly change, market sentiment could collapse in an instant, and a price drop is no joke.
Therefore, whether SOL can continue depends on resolving these three aspects.
I've been paying attention to SOL for a long time and actually have a lot of confidence in it. I've been laying out strategies early on, and the general direction aligns with my strategy. Those who followed my advice have already reaped their rewards.
If you are a short-term player, then make your profits and run. Don't be greedy. Make waves in the $200-210 range, and set a stop-loss, for example, if the support level at $190 breaks, run immediately. Don't chase the highs too much.
If you are a long-term player, pay attention to being adaptable if you are on board. If you haven't boarded yet, wait for a pullback to get on, and gradually build your position for more stability. Keep a close eye on the SOL-related ecosystem; once the ecosystem is truly established, there will be long-term opportunities.
#sol板块 #加密市场回调 #资金涌入推动SOL上涨
Top-tier news and top-tier layouts bring the same opportunities and the same gains. Keeping up means more opportunities. Here, I'll just give a rough idea. Pay attention to the trends, and the specific operational strategies will be shared continuously with everyone.
