SOL applies for ETF==SOL passes ETF? So good at playing?
Affected by the market and the news of SOL applying for ETF, the prices of SOL and related tokens have experienced explosive growth in a short period of time, and then the momentum is insufficient. Applying for ETF is just a matter with a very low threshold. After all, even if you apply, you may not be approved. This short-term increase brought by emotions comes and goes quickly.
SOl has a good prospect in the long run, regardless of whether it passes ETF. The 1h trend has also come to the conversion of waves 3 and 4, and there is still a trend of callback in the short term. The 4H trend completes the 8-wave pattern and approaches the bottom of the descending wedge, and then the trend breaks through its upper boundary. Its daily trend is still fluctuating in the triangle pattern. The current price is in the middle of the triangle pattern. The trend is not clear. The strength of both long and short sides is balanced, and it still needs a period of consolidation.
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