Trend analysis of SOL: Can the congestion be ended with the successive upgrades today?

1. The upgrade has finally arrived, but the actual effect is still unclear. This is a long-term governance process. What is ridiculous is that the SOL chain was actually crashed by a mining coin called $ORE. What is even more ridiculous is that the market value of $ORE is only 3.7 million US dollars, there are only 25 SOLs in the pool, and the daily transaction volume is only 200,000 US dollars.

2. The total fees and total revenue on the chain have dropped by 15.86% and 16.67% respectively, which is caused by the reduction of transaction congestion. The number of new token accounts has dropped by 6.21%, and the speed of joining new projects has also slowed down. The number of active wallets has also dropped by 1.54%, and these problems need to be fixed in time.

3. The total locked volume is about 4.3 billion US dollars, which is still acceptable. The congestion situation improved yesterday, and the non-voting failure rate dropped to 54%. It is urgent to solve technical problems and promote the launch of several high-quality projects in order to gradually restore the price of SOL.

4. The current situation of SOL is not suitable for intraday short-term operations. It is recommended to continue to pay attention to the trend order: 168/165/160 low-level absorption. #SOL🔥🔥🔥🔥