SOL is about to surge? Key signals have appeared, seize this opportunity!
The current price of SOL is $208.83, up 2.06%.
On the perpetual contract, the transaction price is $209.05.
Here comes the point, our SOL traders have to pay attention to these signals:
1️⃣ The price of SOL has been fluctuating between $200 and $205, and many people are buying here, just unwilling to let the price fall. This shows that everyone is optimistic about SOL and the demand is very strong.
2️⃣ Looking at the data on the chain, the active wallets and transaction volume are quite stable, which shows that the SOL network is quite lively. In particular, DeFi and NFT are developing better and better on SOL, which adds a lot to the price of SOL.
3️⃣ However, if you want the price to rush to $215, more people have to buy. If the transaction volume suddenly increases, the price may soar and go straight to $230.
4️⃣ Technically, the price graph of SOL seems to be forming an "ascending triangle", which usually means that there will be a big rise.
So what should we do?
🔹 If you want to go long, you have to keep an eye on the price of $215 to see if the trading volume can keep up. If it really breaks through, the price may rise all the way to between $230 and $250.
🔹 If you want to buy, the current price of $208 is quite good and suitable for long-term holding. But don't forget to set a stop loss point, such as $200, so that the risk can be controlled.
In short, SOL looks very promising now, we have to keep an eye on it, maybe we can catch the opportunity of a big rise!
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