📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
Want a share of 1,000 MBG? Get involved now—show your insights and real participation to become an MBG promoter!
💰 20 top posts will each win 50 MBG!
How to Participate:
1️⃣ Research the MBG project
Share your in-depth views on MBG’s fundamentals, community governance, development goals, and tokenomics, etc.
2️⃣ Join and share your real experience
Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
This morning, favourable information came out from the Solana ecosystem, but the market reacted tepidly, and the price of SOL did not see a significant rise. This phenomenon has raised many investors' doubts. In fact, the current pullback is mainly due to the dumping of profitable positions around the 200-dollar mark.
Nevertheless, we remain optimistic about the long-term development prospects of SOL. The overall trend still leans towards a rise, and the fundamental logic has not undergone fundamental changes. It is worth noting that the market has generally pulled back recently, partly due to negative news related to Trump's tax issues.
Currently, the market's focus is on the key support level of $179.14. If SOL can stabilize above this level, investors may consider entering the market at the right time to take advantage of the rebound opportunity. If a brief pullback occurs later, it can still be seen as a good buying opportunity, with the mid-term target price still pointing to $230.
However, if the market continues to decline, $165 will become a very attractive low entry point. Although this price level may be difficult to reach, once it falls below $179.2 and shows an accelerated downward trend, investors may consider gradually building or adding positions near $165.
In a bull market, opportunities often favor those who are well prepared. It is advised that investors should not be disturbed by short-term fluctuations and maintain calm judgment. Only by staying composed amid the volatility can one reap substantial returns in this round of pump.
It is worth mentioning that several noteworthy hotspots have recently emerged in the market. Ethereum's trading volume has surpassed that of Bitcoin, demonstrating its increasingly important position in the cryptocurrency market. At the same time, the AI action plan launched by the U.S. government has also attracted widespread attention and may have a profound impact on related fields. In addition, the trend of tokenizing real-world assets (RWA) is also rising, which may open new avenues for the integration of traditional assets and blockchain technology.