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Today, SOL experienced a fall, with the price dropping from $186.80 to the range of $174-175. This decline was due to large investors cashing out approximately 162,000 SOL in a short period of time. However, market trends do not develop in a one-sided manner.
It is worth noting that a large investor has just purchased 71,000 SOL worth $12 million and deposited it into the Kamino platform. At the same time, since mid-July, ETF inflows have reached $137 million, demonstrating sustained confidence from investors.
Even more encouraging is that the total locked value (TVL) of SOL has reached its highest level in nearly three years, and network activity has also set new records. These indicators suggest that despite short-term price fluctuations, the foundation of the Solana ecosystem remains robust.
For investors focusing on the SOL trend, the following price levels are worth paying attention to:
- $175 is a key support level, and if it can hold, it may push the price back up to $181-$183.
- If the trading volume is combined with a breakout at 178 dollars, the price is expected to hit the 189-200 dollar range.
- However, if it falls below $174, it may trigger further declines.
The suggestions for different investment strategies are as follows:
1. Long-term holders should remain calm and avoid panic selling near support levels.
2. Investors interested in buying can wait for a clear rebound signal before taking action.
3. Short-term traders who choose to enter below $174 are advised to set strict stop-losses to control risk.
Overall, although SOL has encountered a fall today, its fundamentals remain strong. If market sentiment turns, SOL is likely to experience a strong rebound. Investors need to closely monitor market trends, rationally analyze various indicators, and make informed investment decisions.