🚗 #GateSquareCommunityChallenge# Round 2 — Which coin is not listed on Gate Launchpad❓
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🗓️ Deadline: October 8, 2025, 24:00 (UTC+8)
Recently, the price of Solana (SOL) has shown a positive upward trend. After hitting a low of 190 dollars, SOL began to rebound and maintained fluctuations above the 200 dollar mark. It is worth noting that SOL has temporarily broken through 203 dollars, indicating that buyers are gradually gaining market dominance.
Analysts point out that SOL's next key resistance range is between 205-206 USD. If it can hold its ground in this range, SOL is expected to continue its current pump momentum. For traders, it is advisable to consider establishing long positions around 201-202 USD, with an upward target set around 207 USD. However, to control risks, it is recommended to set the stop-loss level below 198 USD.
Although SOL has performed well in the short term, investors should remain cautious. The cryptocurrency market is highly volatile, and price movements can be influenced by various factors. Therefore, it is essential to conduct thorough research and risk assessment before making any investment decisions. Additionally, closely monitoring overall market trends and news events that may affect SOL's price is also crucial.
Overall, the recent price trend of Solana has brought some positive signals for investors. However, in this rapidly changing market, staying alert and being flexible in response remains a wise choice.