Recent market movements have indeed been well captured, and new opportunities are emerging. From a technical perspective, Solana has effectively broken through the previous bearish trend line, and the rebound momentum is strengthening.
Considering the current US CPI data and trade deficit background, market risk appetite has increased. From this angle, SOL's stable support level is around 0.034, and if the rebound gains more strength, it could even reach the 0.042 level.
For friends who were previously trapped, don't be too nervous; there are plenty of rebound opportunities. The key now is to hold the lows and wait for this wave of reversal to fully unfold. It is recommended to continue monitoring Solana's on-chain activity and market sentiment changes. Any new developments can be discussed and analyzed together.
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GigaBrainAnon
· 4h ago
Haha, finally someone understands. SOL's recent move is indeed solid.
Wait, can the support level at 0.034 really hold... it's a bit uncertain.
Brothers who have been trapped until now, you've finally made it out. By the way, how's the on-chain activity lately?
Damn, it's another case of waiting for a full reversal to be confirmed. How many times have we heard this before?
But this time, the macro environment is indeed different. The CPI data does look promising.
Honestly, 0.042 is a bit uncertain. I want to see if it can break below 0.038 first.
I didn't catch the bottom during SOL's recent rebounds. Can someone tell me why it always reacts half a beat late...
Support levels are easy to talk about, but what if it breaks?
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LiquidityHunter
· 13h ago
What I noticed while monitoring at 3 a.m.: The liquidity depth data in the price range of 0.034 to 0.042 looks a bit strange. The slippage on the DEX trading pair suddenly plummeted, which is outrageous.
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ShamedApeSeller
· 13h ago
0.034 and 0.042? Bro, these numbers look a bit off. SOL isn't that low right now.
Brothers who are trapped, stay strong. The rebound is indeed coming... probably.
Hold the low positions, that's all. It's easy to say, who doesn't want to hold?
The on-chain activity argument is back again. Every time it's said, but in the end, it's still the same.
Optimistic about a reversal, but it's just because there's no money left in the wallet.
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DefiOldTrickster
· 13h ago
Oh no, 0.034 can't hold, and we all have to drink northwest wind. Another round of arbitrage frenzy.
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Brothers who are trapped, don't panic. I was trapped even worse in 2017, and I'm still alive now, hehe.
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I've been paying attention to on-chain activity for a long time. It's truly comfortable only after the reversal fully releases the yield.
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Rebound to 0.042? I bet five moons this time it won't go up. The market just loves to tease.
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Waiting for a reversal at a low position, sounds easy, but does the capital situation really cooperate that well, huh?
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It's macro background and technical analysis again. Are we here singing a duet? I only look at on-chain data to speak.
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Is everyone ready with the reinvestment strategy? When it rebounds, you should think about how to continue arbitrage.
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CPI data can be deceptive, but on-chain activity can't be fooled. That's the truth.
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Friends who are trapped, listen to me. Instead of waiting for a reversal, it's better to study liquidation prices. Defense first.
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PhantomMiner
· 13h ago
This move by SOL is indeed interesting, but can the 0.034 support really hold? Seems like we need to watch a bit more.
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DoomCanister
· 13h ago
SOL this wave is indeed impressive, but to be honest, I'm still a bit hesitant. I always feel like I should sell when it rebounds to 0.042.
What’s the plan, getting caught again? I don’t think so.
On-chain activity metrics are not always that accurate; don’t over-rely on them.
Holding at a low level is pointless; I already sold earlier. Watching it now is too painful.
Gambler’s mentality, this is my common flaw. I know I should wait for a reversal, but I just can’t wait.
Recent market movements have indeed been well captured, and new opportunities are emerging. From a technical perspective, Solana has effectively broken through the previous bearish trend line, and the rebound momentum is strengthening.
Considering the current US CPI data and trade deficit background, market risk appetite has increased. From this angle, SOL's stable support level is around 0.034, and if the rebound gains more strength, it could even reach the 0.042 level.
For friends who were previously trapped, don't be too nervous; there are plenty of rebound opportunities. The key now is to hold the lows and wait for this wave of reversal to fully unfold. It is recommended to continue monitoring Solana's on-chain activity and market sentiment changes. Any new developments can be discussed and analyzed together.