SOL is facing two major negative news, which has caused widespread concern in the market. Next, Shiguang will analyze the trend and potential opportunities of $SOL coins.
1. On September 20, SOL will usher in the annual developer conference, which is a major event in the SOL ecosystem, usually accompanied by some positive or hype opportunities. There are only 6 days left before the conference, and the market expects some positive news to come out to boost sentiment and drive the price of the coin.
2. FTX/Alameda selling risk: The giant whale sold 177,603 $SOL after the pledge was released, and there are 7.05 million $SOL in its wallet for sale, which undoubtedly increased the selling pressure in the market and constituted a great negative factor, which may bring short-term downward pressure on the price of SOL coins.
3. SOL's PUMPFUN platform faces the risk of being banned from US users and may even be sued by the SEC. Since many projects on the SOL chain rely on the support of this platform, this news may have a great impact on the SOL ecosystem and form a negative impact.
In summary, SOL is currently facing two major negative factors, and the upcoming developer conference may bring some short-term benefits. The current technical form is not optimistic and has failed to show an independent market trend. It is recommended to buy in batches when the price falls to $132.72 and $128.21, control the position at around 5.5, set the stop loss at $126.47, the target price is $139, and the leverage does not exceed 5 times.