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Recently, the Crypto Assets market has experienced a significant adjustment. Solana (SOL) encountered resistance after reaching a target of $182, and subsequently fell below the $167 support area. This trend has sparked the attention of market participants regarding its short-term outlook.
At the same time, the price trend of Ethereum (ETH) also shows signs of weakness. Analysis indicates that ETH may not have completed its fall trend, with $3510 being viewed as a potential key support level. This situation has created a chain reaction across the entire Crypto Assets market.
Considering the impact of Ethereum, the potential support level for Solana may need to be further adjusted down to around $155. For short-term traders, if Solana rebounds and approaches the $167 area, it may present an opportunity to establish short positions, with target prices set at $160 and $155.
It is worth noting that this round of adjustment in the crypto assets market coincides with the global economy facing multiple challenges. Market participants need to closely follow various macroeconomic factors, such as changes in trade policies and employment data, all of which could impact cryptocurrency prices.
Overall, in the current market environment, investors should remain cautious, closely follow market trends, and make informed investment decisions based on their own risk tolerance.