Tap to Trade in Gate Square, Win up to 50 GT & Merch!
Click the trading widget in Gate Square content, complete a transaction, and take home 50 GT, Position Experience Vouchers, or exclusive Spring Festival merchandise.
Click the registration link to join
https://www.gate.com/questionnaire/7401
Enter Gate Square daily and click any trading pair or trading card within the content to complete a transaction. The top 10 users by trading volume will win GT, Gate merchandise boxes, position experience vouchers, and more.
The top prize: 50 GT.
![Spring Festival merchandise](https://exampl
$SOL 1. Macroeconomic Suppression: The Federal Reserve signals a hawkish stance, actual interest rate expectations rise, risk assets collectively come under pressure, BTC and ETH weaken simultaneously dragging down SOL
2. Capital Flow: Spot ETF funds are diverted, institutional rebalancing is realized, active addresses and transfer volumes on the SOL chain decline slightly, insufficient incremental funds
3. Technical Analysis: The previous resistance level at 127 USDT faces pressure and falls back, entering a downward channel, triggering some stop-loss sell orders after losing the 100 USDT support
4. Ecosystem: On-chain transactions and stablecoin circulation remain resilient, Standard Chartered Bank lowers short-term target prices but confirms long-term ecological value, forming a fundamental support