$SOL has just broken through a new high of $260, and now a large wave of people are starting to have a positive outlook on this coin, predicting that it will enter a bull market in the future. This situation is actually not very good.
I remember when SOL was around $117, I entered the market and opened a 3x leveraged position, and I wrote an article sharing my views. At that time, many people said SOL would go to zero, even waiting to see me get liquidated and exit the market.
I gave two reasons at that time, and I also reminded those investors who are not very familiar that if they don't understand trading, they could consider buying in fully and holding long-term.
First, there has been mention of ETF spot plan news regarding SOL. Although there was no further discussion later, this information itself is enough to indicate that there are funds or institutions speculating on this asset.
Second, SOL has been building a base around $120 for a long time, and the support is solid, making it difficult to break.
At that time, many people were bearish when the price was falling, and now that the market has rebounded, they are starting to recommend it. Seeing the current increase, I really can't help but laugh; the moment of slapping faces has finally arrived!
