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Solana's current movement, to put it simply, is waiting for a confirmation signal.
Looking back at the 2022 crisis, it survived, and the ecosystem didn't collapse. So what is in front of us now? A high-performance public chain that has already surpassed some key metrics of Ethereum in TPS, developer enthusiasm, and institutional acceptance. The price is fluctuating here, seeming to struggle, but in reality, it’s a player that has proven itself and is gathering strength.
Consider the recent macro environment—inflation pressures are being reduced, and institutional funds are pouring into the Web3 sector in large numbers. These are not small matters. The fundamentals of SOL have completely changed over the past year, but the price has not yet reacted. That’s where the opportunity lies.
**Trading Strategy**
Support levels are in the $115-$125 range. Why emphasize this? It’s the value zone where the market bottom has been accumulated multiple times over the past year, and it’s also the starting point of the upward cycle in 2024. The holdings of large institutional investors are also at this level. From a valuation perspective, the current price is already significantly undervalued relative to the growth potential of the SOL ecosystem.
Looking upward, a few key points:
- $160 is the first psychological and technical resistance. Reclaiming this indicates a trend reversal is forming.
- $200 means re-entering the previous high region, which could open up greater upside potential.
- $260 and above are true new highs, marking the establishment of a new cycle.
If it falls below $105, it indicates that the long-term support has been effectively broken. At that point, the entire judgment framework needs to be reassessed.
The current question is not whether SOL can rise, but at what point to wait for this move.