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Recently, SOL has shown a certain degree of weakness in the Crypto Assets market. While the overall market is experiencing a Rebound, the rise of SOL has been relatively limited, and during the falling market, its fall has been more pronounced. This phenomenon reflects that investors' attitudes towards SOL remain cautious, with most funds choosing to wait and see.
Although SOL has not completely escaped the weak pattern, it is worth noting that its downside momentum is gradually weakening. This means that once the overall market sentiment starts to improve, SOL is likely to welcome a rebound, displaying characteristics of being "ready to go."
From a technical perspective, the 163-161 USD range is a key support level worth monitoring. If SOL can stabilize in this area, it may provide investors with a potential long opportunity. Short-term targets can focus on the 167-170 USD range, and if it can effectively break through the 170 USD threshold, it is expected to further challenge the 178 USD high.
It is worth mentioning that the activity level of the Solana ecosystem is currently rising, with its futures trading volume reaching new highs, which may provide additional support for the price trend of SOL. At the same time, the introduction of new regulations for stablecoins in Hong Kong, the IPO boom of cryptocurrency-related stocks, and the trend of tokenization in the US stock market are all macro factors that could impact the entire Crypto Assets market, including mainstream coins such as SOL.
Investors should exercise caution when operating, closely monitor market trends, and make decisions based on their own risk tolerance. As the market environment continues to change, the trend of SOL may present new turning points, bringing potential investment opportunities for investors.