The recent trend of SOL is worth paying attention to. From a technical perspective, this wave of market movement has formed a small W-bottom pattern on the daily chart, which already meets the conditions for a short-term rebound. The long positions established around 120 earlier have target levels set at 130 and 135, and the current price performance is unfolding exactly according to this plan.
What is particularly encouraging is that the revenue data on the SOL chain ranks first among the entire blockchain ecosystem, indicating that network activity and application scenarios are indeed leading. Supported by these fundamentals, there is still a chance for a short-term catch-up rally. In terms of operation, it is advisable to take profits in stages according to the predetermined target levels and to manage risk exposure carefully.
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0xSherlock
· 12-29 01:52
Hey SOL, this move is indeed quite something. The W bottom pattern is quite meticulous, but to be honest, the 135 level might be a bit optimistic.
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FlashLoanPhantom
· 12-29 01:49
SOL this time really has some substance; being the number one in on-chain revenue is truly an advantage. 135 feels quite stable.
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VibesOverCharts
· 12-29 01:49
Being the number one in SOL chain revenue is indeed impressive, but can 130 really break through? It still seems to depend on how the subsequent volume will coordinate.
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MEVVictimAlliance
· 12-29 01:26
A rebound is a rebound, don't set so many target levels, it's easy not to reach them.
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FlatTax
· 12-29 01:25
Nothing much, just friends who got in at 120 should be smiling happily now.
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FlashLoanLarry
· 12-29 01:24
SOL is indeed stable this time, holding the top position in on-chain revenue. I believe in 135.
The recent trend of SOL is worth paying attention to. From a technical perspective, this wave of market movement has formed a small W-bottom pattern on the daily chart, which already meets the conditions for a short-term rebound. The long positions established around 120 earlier have target levels set at 130 and 135, and the current price performance is unfolding exactly according to this plan.
What is particularly encouraging is that the revenue data on the SOL chain ranks first among the entire blockchain ecosystem, indicating that network activity and application scenarios are indeed leading. Supported by these fundamentals, there is still a chance for a short-term catch-up rally. In terms of operation, it is advisable to take profits in stages according to the predetermined target levels and to manage risk exposure carefully.