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
SOL has recently shown strong performance. As of the latest quote, Solana has stabilized at $141.9, forming three consecutive bullish candles on the daily chart, with a single-day increase of 1.66%. In terms of trading volume, the 24-hour trading volume has surpassed 502 million USDT, indicating a significant increase in market participation.
From a technical perspective, further attention is warranted. The 7-day moving average has successfully crossed above the 25-day moving average, indicating that the short-term trend is indeed strengthening. The current price is above the medium- and short-term moving averages, which is a relatively favorable position. Regarding resistance, $144.3 is near the previous high point, and a volume breakout above this level could see SOL aiming for the psychological level of $150. Support below is around $138.5, where the 99-day moving average intersects with the previous platform zone.
However, it is important to note that although the short- and medium-term outlook is positive, Solana's recovery process is still ongoing on a longer cycle and has not fully reversed yet. It is recommended to closely monitor US stock movements and capital flow changes overnight. Avoid blindly chasing highs; a more prudent approach is to wait for a pullback and stabilization before considering new positions.