🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
Currently, the price performance of SOL has attracted the market's attention. From a technical perspective, there are signs of support around the 180 dollar mark, which may become an important reference point for future trends.
In recent trades, SOL has experienced a slight rebound from a low of $178 and has formed a short-term fluctuation in the $180 range. If it can firmly hold above $180, this may indicate the completion of a bottom formation, laying the foundation for subsequent increases.
Looking back at the historical trend of SOL, we see that it once surged to $195, indicating that there is still room for upward movement. Currently, it has retraced to around $180, which can be understood as a normal adjustment to the previous upward momentum. If the bulls can break through the short-term resistance, SOL is likely to resume its upward trend.
For traders, it may be worth considering establishing a long position around 180 USD. The initial target can be set at 190 USD, and if this level is strongly broken, it may open the upward channel towards 200 USD. However, investors should also pay attention to risk management and could set the stop-loss level below 178 USD.
It is worth noting that the cryptocurrency market is highly volatile, and investors should fully assess the risks before making any decisions, taking into account their own investment strategies and risk tolerance. Furthermore, changes in market sentiment and external factors may also have a significant impact on the price movements of SOL, so it is crucial to stay closely attentive to market dynamics.