Be Cautious: MEME Coins May Face a Zeroing Trend
Firstly, SOL/BTC is currently in a large triangular oscillation pattern, and there are signs of a potential breakdown. Once this breakdown is confirmed, it will be a severe blow for MEME coins, and many MEME coins are likely to face a zero outcome.
Secondly, since SOL reached its historical high, its development has not been smooth, but rather has fallen into a continuous slump. Its exchange rate against BTC has not only failed to rise but has shown a downward trend, indicating that funds are continuously withdrawing from SOL.
Thirdly, the above situation is favorable for ETH and SUI, demonstrating a trend of mutual gain and loss in the market.
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