! ! Urgent Notice! ! Urgent Notice! !
! ! SOL holders must read this! !
$SOL Will it return to 180 this month? Today's decline based on Solana's tokens fell sharply and the bearish divergence of RSI indicated that the correction may not be over yet. Solana's native token SOL Sol stock fell by $218.36 on December 10, against the backdrop of a sharp correction in the cryptocurrency market and a liquidation amount of more than $1 billion.
Responding to today’s correction in the cryptocurrency markets, Alex Kuptsikevich, Chief Market Analyst at FxPro, said: “Bitcoin’s failure to consolidate above $100,000 may have suppressed buying in the overall market. Bitcoin’s inability to grow has had a negative impact on altcoins.
In addition, the total market capitalization of all Solana-based tokens fell from $361.8 billion on December 9 to $342 billion on December 10. Total trading volume grew 137% over the past 24 hours, reinforcing the intensity of sell-side activity.
Investors may have reacted negatively to the decline in token value and market activity within the Solana ecosystem, causing the SOL price to fall. According to data provided by Dune dashboard pump.fun, this was accompanied by a decline in on-chain activity within the Solana ecosystem. The SOL price drop was preceded by a sharp drop in the number of network transactions.
The price of SOL has made a series of higher highs from April to November. During the same period, the daily RSI declined, forming lower highs. According to the analysis, rising prices are associated with falling RSI The divergence between the two indicates that the current upward trend is weak, which will prompt traders to sell more at local highs. Since November 20, the daily transaction volume on the Solana blockchain has almost halved. This shows that network activity is suppressed and users' overall interaction with the platform has decreased, resulting in lower fee income.
So based on the current situation, it is not recommended that you build Cang in the short term, or wait for Wednesday, and we will talk about building Cang after we see the data released!
Recently, I have been ambushing a potential coin that is about to explode in the short term of 30%, and there are also some potential coins that will triple by the end of the year. Leave a message of 888, follow, like, and I will announce it in the comment area later! ! ! #市场回调抄底还是观望? #山寨季将持续多久? #微软比特币投资投票案 #APT、ADA、ENA大额解锁