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Quick analysis: $SOL on Gate
Last week, it broke a resistance level it had been holding for a month, and it’s currently trying to hold above it.
The reason: higher network activity + new DeFi projects launching on Solana.
The points I’m watching:
1. If it holds above $150, we can continue with a gradual upward move.
2. If it drops below $140 and retreats back under the resistance, that means it was a false breakout.
3. Most important: capital management. Don’t put all your funds into a single candle.
This is just an analysis of price movement, not a call to buy or sell. The market is volatile, and any news can change everything.
What do you think of $SOL over the coming period? 👇