💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
Today, the SOL market experienced dramatic changes, with the coin price nearing a low of 230 dollars. However, a large fund player suddenly intervened, massively buying 134,628 SOL in the range of 234 to 236 dollars, with a total investment amount of 32.4 million dollars. This move was interpreted by the market as a sign that SOL has bottomed out.
The key to the current market lies in whether it can break through the range of $245 to $250. This area is seen as a watershed for the market; if it can firmly establish itself above it, a reversal and upward trend may occur; if it fails to hold, it may continue to decline. Yesterday, SOL touched a high of $250 before retreating, and this morning it dropped to a low of $234, causing panic among small investors. The sudden influx of large funds has sparked market expectations while also intensifying investors' concerns.
The future trend will mainly depend on trading volume. From a capital perspective, large funds have already entered the market substantively. Technical analysis shows that the lower Bollinger Band is being supported, but the medium-term moving averages are creating resistance around $245 to $246, with $250 being an important resistance level.
For investors with different risk preferences, different strategies can be adopted. Conservatives can accumulate positions in batches within the range of $234 to $236, setting a stop loss below $232. Aggressive investors can follow up and go long when there is a breakout at $245 with increased trading volume, with an initial target of $246 to $250; if $250 is broken, one can expect $260 to $275. Cautious investors can consider lightly shorting when the support at $234 fails and trading volume increases, targeting $225.
In my personal opinion, $234 is an important support level for bulls. If it can break through $250 with significant volume, the market may accelerate its rise. However, if the trading volume is insufficient, it is better to earn less than to risk being stuck. The current market is changing rapidly, and following the pace of large capital is crucial.
Investors need to closely monitor the price trends of SOL, while also paying attention to the monetary policy direction of the Federal Reserve and the overall trends of the entire cryptocurrency market.