Is there still hope for Sol?
From the K-line perspective, it is currently following a very typical trend, forming a common ascending flag pattern. This usually occurs after a price surge, followed by a consolidation phase. Bitcoin had a similar trend from April to October, but in a larger price range.
It's normal for SOL to rise so much from 120 to over 260 and then pull back by 20%. If you prefer stability, you can enter the market on the right-hand side, wait for confirmation of breaking the downtrend line, and then enter the market to go long with the trend, which may be more stable.
Also,

Did you know? The crypto world giant MicroStrategy with a market capitalization of billions has been included in the Nasdaq 100 Index! It will start trading on December 23rd, and the crypto world is about to enter a period of accelerated growth!
Nasdaq has arrived, will the S&P 500 be far behind? It is only the early stage of Wall Street's entry into Bitcoin. The crypto world will make a qualitative leap in the next 3-5 years.
In the short term, the rise of Bitcoin may potentially lead to a bloodsucking effect on altcoins. Don't be surprised if this happens, as it's a normal process. Bitcoin i

[2024.7.24 BTCETH intraday market analysis]
Good afternoon, buddies. Now BTCETHSpot's ETFs have all landed, and everyone's fear of missing out sentiment should be cooling down. The remaining Favourable Information is just waiting for the big wind of interest rate cuts to come. It's hard to have a general rise in the market before the interest rate cut. Don't expect your altcoin to have a big pump again. Mainstream funds always favor the mainstream. It is suggested that when there is a big pump, one should know how to leave the weak and strong in time, which is both wise and strategic!

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