Observing the trends in the crypto market, it can be found that the price fluctuation of SOL is highly correlated with ETH, while the fluctuation of BTC is usually only about half that of the two. This correlation implies that if SOL continues to follow the trend pattern of ETH, we need to pay attention to the key support level of $134.5. The current price of SOL is hovering around $141, but this level may not be sufficient to form a solid support. Market participants should closely monitor this technical development and implement risk management strategies.
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Observing the trends in the crypto market, it can be found that the price fluctuation of SOL is highly correlated with ETH, while the fluctuation of BTC is usually only about half that of the two. This correlation implies that if SOL continues to follow the trend pattern of ETH, we need to pay attention to the key support level of $134.5. The current price of SOL is hovering around $141, but this level may not be sufficient to form a solid support. Market participants should closely monitor this technical development and implement risk management strategies.