Recently, SOL has indeed performed well. During the January 8th rally, Solana was among the top gainers among mainstream coins, and the ecosystem remains hot. Trading and development activities on the network are quite active, providing solid fundamental support for the price.
From a technical perspective, SOL has successfully broken above a recent key resistance level, and the short-term upward momentum has clearly strengthened. However, caution is advised, as there will definitely be some traders looking to take profits near previous highs, and this resistance should not be underestimated.
What’s next? It still depends on trading volume. If the volume continues to increase, this rebound trend may sustain. Conversely, if the volume diminishes, we should be prepared for high-level consolidation.
(Disclaimer: This content is for reference only and does not constitute any investment advice.)
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PoolJumper
· 01-08 10:51
Here comes the "fundamental support" argument to harvest the little guys again. Fine, I believe you.
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StableNomad
· 01-08 10:46
volume's gonna be the tell here tbh... reminds me of UST in May when everyone thought we had "fundamental support" lol. sol's pumping but statistically speaking, that profit-taking pressure at resistance is *chef's kiss* textbook setup for a rug. not financial advice but—risk-adjusted returns look iffy if we get a vol collapse.
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VitalikFanboy42
· 01-08 10:45
Trading volume is the key; any rebound without volume is fake.
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0xLuckbox
· 01-08 10:33
If the trading volume doesn't follow, I'll run. I don't want to be trapped in this wave.
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LiquidationWatcher
· 01-08 10:31
This round of SOL does have some strength, but it looks like someone is about to dump the market.
Recently, SOL has indeed performed well. During the January 8th rally, Solana was among the top gainers among mainstream coins, and the ecosystem remains hot. Trading and development activities on the network are quite active, providing solid fundamental support for the price.
From a technical perspective, SOL has successfully broken above a recent key resistance level, and the short-term upward momentum has clearly strengthened. However, caution is advised, as there will definitely be some traders looking to take profits near previous highs, and this resistance should not be underestimated.
What’s next? It still depends on trading volume. If the volume continues to increase, this rebound trend may sustain. Conversely, if the volume diminishes, we should be prepared for high-level consolidation.
(Disclaimer: This content is for reference only and does not constitute any investment advice.)