Gate Square “Creator Certification Incentive Program” — Recruiting Outstanding Creators!
Join now, share quality content, and compete for over $10,000 in monthly rewards.
How to Apply:
1️⃣ Open the App → Tap [Square] at the bottom → Click your [avatar] in the top right.
2️⃣ Tap [Get Certified], submit your application, and wait for approval.
Apply Now: https://www.gate.com/questionnaire/7159
Token rewards, exclusive Gate merch, and traffic exposure await you!
Details: https://www.gate.com/announcements/article/47889
Solana's recent trend is quite interesting. The price is struggling to break above the $140 level, which is indeed a somewhat awkward position. From a technical perspective, the support below is at $136.12, and the resistance above is at $143.45. At this stage, short-term traders are better off participating with a high sell and low buy approach, as opportunities lie in the breakthroughs and reversals around these two key levels.
On the candlestick chart, you can already see the formation of a shooting star pattern, indicating that the bearish momentum around $140 should not be underestimated. The bullish momentum seems a bit weak, so caution is advised. If there is no clear upward breakout signal in the short term, aggressive trading could lead to being trapped. Instead of chasing highs, it's better to wait for a clearer directional confirmation before taking action.