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$SOL is heading towards the mark $104, the lowest level since January 2024. Ironically, SOL's fundamentals are stronger than ever.
The network processed over 2.34 billion transactions last month (up 33%), including $ETH , Base and $BNB Chain combined. SOL also earned up to 26 million dollars in transaction fees, far exceeding the 14 million dollars of ETH.
Click vào đây để được hoàn 30% Phí Giao Dịch tại Wallet/Web3 nhé mọi người
A rare positive signal is that institutional money from the US is still flowing into SOL. Spot Solana ETF funds attracted a net additional 104 million dollars in January, while competitors faced capital withdrawals.
But good news fundamentally cannot support the current bad chart!
The weekly candle has confirmed the extremely dangerous Head and Shoulders pattern when breaking the neckline at $109. The price is currently below the 50, 100 EMA lines and the Fibo 61.8%. If the sellers continue to pressure, it is highly likely that SOL will have to seek the next support level at $70.
According to you, with such strong fundamentals, is the price of $70 a gift or a trap?
{future}(BNBUSDT)
{future}(ETHUSDT)
{future}(SOLUSDT)
This article is for reference only, it is not investment advice. Please read carefully and consider thoroughly before making a decision.
The network processed over 2.34 billion transactions last month (up 33%), including $ETH , Base and $BNB Chain combined. SOL also earned up to 26 million dollars in transaction fees, far exceeding the 14 million dollars of ETH.
Click vào đây để được hoàn 30% Phí Giao Dịch tại Wallet/Web3 nhé mọi người
A rare positive signal is that institutional money from the US is still flowing into SOL. Spot Solana ETF funds attracted a net additional 104 million dollars in January, while competitors faced capital withdrawals.
But good news fundamentally cannot support the current bad chart!
The weekly candle has confirmed the extremely dangerous Head and Shoulders pattern when breaking the neckline at $109. The price is currently below the 50, 100 EMA lines and the Fibo 61.8%. If the sellers continue to pressure, it is highly likely that SOL will have to seek the next support level at $70.
According to you, with such strong fundamentals, is the price of $70 a gift or a trap?
{future}(BNBUSDT)
{future}(ETHUSDT)
{future}(SOLUSDT)
This article is for reference only, it is not investment advice. Please read carefully and consider thoroughly before making a decision.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
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