From the K-line perspective, it is currently following a very typical trend, forming a common ascending flag pattern. This usually occurs after a price surge, followed by a consolidation phase. Bitcoin had a similar trend from April to October, but in a larger price range.
It's normal for SOL to rise so much from 120 to over 260 and then pull back by 20%. If you prefer stability, you can enter the market on the right-hand side, wait for confirmation of breaking the downtrend line, and then enter the market to go long with the trend, which may be more stable.
Also, now that Bitcoin has broken through the previous high again, there is a good chance it will stand firm, let's see how Wall Street works tonight, and whether the funds can make another surge.
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Is there still hope for Sol?
From the K-line perspective, it is currently following a very typical trend, forming a common ascending flag pattern. This usually occurs after a price surge, followed by a consolidation phase. Bitcoin had a similar trend from April to October, but in a larger price range.
It's normal for SOL to rise so much from 120 to over 260 and then pull back by 20%. If you prefer stability, you can enter the market on the right-hand side, wait for confirmation of breaking the downtrend line, and then enter the market to go long with the trend, which may be more stable.
Also, now that Bitcoin has broken through the previous high again, there is a good chance it will stand firm, let's see how Wall Street works tonight, and whether the funds can make another surge.