SOL traded down to the 130 level in the early session following the broader market trend, then stabilized above the 134 line. This sharp decline looks fierce, but in fact, it was a rapid increase in volume, and the short-term selling pressure has been fully released. The key point is that there was no panic selling, which indicates that there are still good buyers below.



From a fundamental perspective, as a leading high-performance public chain, SOL's ecosystem has been expanding continuously. The sectors of DeFi, NFT, and gaming are all hot, and the developer community remains active. From a long-term logical standpoint, this value support is solid.

The 130 support level has already been tested and proven to be real. Looking at the current position, it is indeed a good time to gradually accumulate, allowing for locking in some high-quality positions. Once the broader market recovers, SOL is likely to lead the rebound, and there is still room for new highs.
SOL-6,21%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
MoonMathMagicvip
· 7h ago
130 breakout failed to trigger panic selling, this is the real signal.
View OriginalReply0
EyeOfTheTokenStormvip
· 7h ago
130 holding up just means someone is supporting the market. If this wave had truly collapsed, it would have broken through long ago. The logic is self-consistent.
View OriginalReply0
FancyResearchLabvip
· 7h ago
The 130 support level has been validated, so theoretically it should be feasible. However, I'll first try this logical smart trap.
View OriginalReply0
PhantomHuntervip
· 8h ago
130 has held this wave, indicating there is still support, but don't be too optimistic. Let's wait and see.
View OriginalReply0
LiquidityWhisperervip
· 8h ago
The support at 130 indeed held, but brother, are you saying such nice things just to fool me into buying in? Haha
View OriginalReply0
RektDetectivevip
· 8h ago
The 130 level is indeed tempting, but I still prefer to be cautious, worried it might be a false breakout.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)