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Have you recently noticed some Meme coins on the Solana chain suddenly surging by 35%? It's normal to be envious, but I have to pour cold water on you—such rapid rises are often not signals to get in; rather, they indicate that the main players are looking for bagholders.
Let's start with the news aspect. Meme coins in the Solana ecosystem have indeed shown impressive gains recently, but what's behind this? It's nothing more than a speculative game fueled by heightened market sentiment. Frankly, these assets lack solid fundamentals; they rely purely on community hype and capital accumulation, resulting in extremely volatile swings, and they can drop just as quickly as they rise. Currently, it's a period where mainstream coins are consolidating, and retail investors are idly watching. When they see Meme coins skyrocketing, they follow suit en masse. But this kind of market is like fireworks—brilliant for a moment and then gone. Very few Meme coins can survive and pass through cycles.
Looking at the technical side, it's even clearer. The price range of 0.50-0.55 acts like a wall, with multiple attempts to break through being pushed back. The most dangerous level is around 0.488—right now, it's like walking a tightrope. Once it falls below, the decline could accelerate rapidly. What about the MACD indicator? Although the yellow and white lines are still above the zero axis, the histogram is already shrinking—this is called "power without intent," similar to gasping after a long-distance run, with speed inevitably slowing down.
The most critical factor is volume. During the rise, trading volume keeps decreasing, indicating what? Retail investors are following the trend, but the main players have long since stopped acting. This is a classic sign of "rising fatigue."
My advice? Instead of chasing highs, wait until market sentiment cools down and observe which projects can truly consolidate communities and build real applications. That’s where the real opportunity lies.