The cryptocurrency market is at a critical moment. Solana (SOL) is about to face an important price level, and the weekly chart shows that if it breaks through $215, it may start a new round of upward movement. It is worth noting that the trend of SOL often follows in the footsteps of Ethereum (ETH).



However, the current market is significantly different from the 'altcoin season' of 2021. At that time, even tokens with no fundamental support could rise by 20% daily, and the entire market was in a frenzy. Now, funds are more concentrated, and only a few leading projects show a clear upward trend.

Most altcoins either trade sideways or show a long-term downtrend on the charts. This divergence is not coincidental:

1. Too many altcoins dilute market capital.
2. Liquidity is tighter than before.
3. Capital flow to on-chain applications
4. Institutional investors prefer top assets

The result is: the strong become stronger, the weak are ignored.

Recently, some cryptocurrencies that had been dormant for months are beginning to show better trends, which is often a precursor to market fluctuations. However, whether a true 'altcoin season' will emerge may not become clear until the fourth quarter.

Most altcoins have been oscillating within a range for half a year. Once a breakout is confirmed, the price movement can be very rapid, making it difficult for latecomers to find an ideal entry point.

For investors, closely monitoring the trends of market-leading projects while remaining vigilant about potential cryptocurrencies that may break through will be a wise choice. However, it is important to remember that the crypto market carries both risks and opportunities, and investment decisions should be based on thorough research and risk assessment.
SOL-7.47%
ETH-8.29%
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ZeroRushCaptainvip
· 08-24 04:49
Dropped to zero so many times, I am almost a trading master.
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0xSoullessvip
· 08-24 04:48
Suckers are waiting for the top mine again?
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GateUser-2fce706cvip
· 08-24 04:27
While others are waiting for signals, I've already begun to layout. Those who understand this pattern will stand at a vantage point.
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