$SOL Is it okay to enter the spot now? Looking at the trend, it seems that there will be a strong rebound in the future
Analysis on the timing of entering the SOL spot market
Current trend of SOL
Recently, the performance of SOL (Solana) is indeed unsatisfactory, especially when it follows the rise of Bitcoin, the overall trend is also affected. At present, SOL seems to be in a state of shock and consolidation, and the price has been fluctuating at a low level. But from a technical point of view, if Bitcoin can restart its strong rise, SOL is expected to follow the rebound
SOL fundamental analysis
Bitcoin driving effect:
SOL has a strong correlation with BTC. When the BTC market resumes its rise, SOL, as one of the mainstream public chain projects, will often usher in capital inflows and boost sentiment
The current downturn of SOL may be due to the weakness of the overall market sentiment, but if Bitcoin continues to rise, SOL may gain a larger rebound space in this trend
Support level:
It is currently recommended to wait for the support level of around 220, which will be a relatively low buying point
If market sentiment recovers, SOL may have a rebound opportunity at this position
If Bitcoin can break through the current suppression level, SOL is expected to have a strong follow-up rebound
