SOL's current position is already quite close to the bottom support. From a technical perspective, this wave of decline has almost no more downward space—key psychological levels have already become apparent. Interestingly, Solana's ecosystem activity has not declined due to the price adjustment; instead, it has accumulated quite a few new projects and developers during this period.
From a mid-term perspective, the 240U price level has become the first target for most institutional investors. Of course, reaching this level requires the bulls to hold on through this consolidation phase. Historical experience tells us that the hardest moments are often just before dawn—precisely when it is easiest to be shaken out.
If you have already held your SOL positions, the current strategy is clear: maintain your mindset and control risks. There is still room for imagination in the market before the end of the year.
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LightningClicker
· 6h ago
The bottom support is almost pierced, and you're still talking about dawn. This round of shakeout is really intense.
It takes collective effort from institutions to push 240 up; we'll see how long retail investors can hold on.
Ecosystem activity is active, but when the coin price drops, who still has the energy to develop? Honestly.
Those holding SOL are all gamblers. I choose to wait for a clearer signal before entering.
Is this critical psychological level really that easy to break? I find it hard to believe.
Year-end market? Honestly, I think I'll wait until next spring.
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Ser_This_Is_A_Casino
· 6h ago
The bottom support has indeed held, but I don't believe those institutions will really let us go.
Holding SOL means enduring it; the plunge before dawn is the most damn torturous.
The ecosystem is still burning, and developers haven't run away; at least we can see that.
That position at 240... let's talk about it later. Overthinking now makes it easy to get trapped.
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WhaleStalker
· 6h ago
The moments before dawn are the most testing for people's hearts, but as long as the ecosystem is still accumulating, it means there's still hope. The 240U point shows that the institutions are serious.
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GhostInTheChain
· 6h ago
Bottom support is solid, and the key is that the ecosystem is still rapidly accumulating new projects. That’s the real signal.
If this level at 240 truly holds, there’s a real chance by the end of the year.
The hardest part now is not to be shaken out; stay calm.
The ecosystem isn’t declining; it’s actually building up. What does this mean... SOL fans are really quite a few.
Wait, is this wave another psychological battle? The most feared moment is right before dawn.
Hold on tight, controlling risk is the most important thing. Don’t overthink it.
This timing mainly tests your mindset; there’s no more downward space technically.
Are institutions really bottom-fishing here? Why does it feel like they’re even more calm than retail investors?
SOL's current position is already quite close to the bottom support. From a technical perspective, this wave of decline has almost no more downward space—key psychological levels have already become apparent. Interestingly, Solana's ecosystem activity has not declined due to the price adjustment; instead, it has accumulated quite a few new projects and developers during this period.
From a mid-term perspective, the 240U price level has become the first target for most institutional investors. Of course, reaching this level requires the bulls to hold on through this consolidation phase. Historical experience tells us that the hardest moments are often just before dawn—precisely when it is easiest to be shaken out.
If you have already held your SOL positions, the current strategy is clear: maintain your mindset and control risks. There is still room for imagination in the market before the end of the year.