SOL price rebounded after plummeting, is it time to buy the dip?
As of today, the price of SOL is about $140. It has fallen by about 2.15% in the past 24 hours, but has risen by 7.83% in the past month.
When is the best time to buy Solana?
Here are a few small strategies for buying SOL:
Look at the support level: In the past, SOL was quite stable at $130 to $140. If you just want to speculate in the short term, buying around $130 may be a good deal, and it may rise in a few weeks.
Regular investment: If you are not sure when is the best time to buy, then buy a fixed amount of SOL every week or month, so that the average price fluctuation risk is small.
Keep an eye on technical indicators: Things like RSI and moving averages must be watched. If the RSI drops below 30, it is oversold, and you may be able to pick up a bargain.
In the short term:
If you want to trade SOL in the short term, some people speculate that the price may reach 152 to 155 US dollars. If you can buy near the support level, you will make money if you sell it at this price.
In the long term:
Long-term investors are interested in Solana's growth, especially its increasing number of decentralized applications (dApps), low transaction fees, and expansion. If you think that blockchain will be popular in the future, then buying SOL at 130 to 140 US dollars is quite reliable.
Recently, I plan to ambush a potential coin that is ready to explode. It is still very easy to double it. At the same time, I am also preparing to find some potential coins to hold by the end of the year. It is no problem to expect more than 10 times the space. If you want to keep up, leave a message, follow, like, and share for free.
