#加密ETF申请热潮涌现

12.28 Weekend Evening Market Overview:

$SOL has been in a pullback since reaching a record high of 264 on 11.22, with various sectors of public chain tokens continuously hitting new highs. In contrast, SOL has been declining every day, which is somewhat puzzling.

From the DEX data, SOL has ranked ahead of ETH and BSC for two consecutive months, with the highest DEX trading volume remaining unshaken. Additionally, the MEME wealth effect on the SOL chain is the largest; since the bull market started on November 4, the PNUT and ACT on the SOL chain have played a leading role in creating wealth, attracting back old retail investors and bringing in fresh retail investors, injecting new blood into the market.

However, SOL is currently the least resilient public chain token. The rising star SUI has been steadily advancing, while the veteran competitor XRP has returned to the top 3 by market cap. The collapsing and restructuring FTT has also been continuously hitting new highs and moving forward steadily. Is it possible that the market makers and Wall Street capital are planning for next year's ETT application approval while accumulating through long-term fluctuations? I believe this is the reason; otherwise, there would be no explanation for the current situation.

SOL is now forming a rising flag within a descending wedge channel, with narrower oscillations; the highs are getting lower, and the lows are getting lower. Only when the daily line stabilizes at 202 can it truly start a wave of market belonging to SOL itself. The pressure levels are 209 and 230, with support at 178.5 and 167.57.

The above information is for market analysis only and should not be considered as trading advice; follow me to stay updated, as I provide you with the latest information and point analysis every day, along with the wealth codes you desire. Don't forget to follow and like!