The main factors contributing to SOL's rise today are:
Overall market recovery: The cryptocurrency market typically experiences an "January effect" in January, as investors end year-end tax-loss selling and reallocate funds back into the market, leading to a rebound in Bitcoin ETF net inflows and driving a general market rally. Against this backdrop, Bitcoin's price has risen above $91,000, creating a positive macro environment for mainstream coins like SOL.
SOL's strong performance: Among mainstream coins, SOL stands out as the "best performing among the three major mainstream coins." Traders have pointed out that, from a technical analysis perspective, SOL's price is expected to fluctuate around $160. If Bitcoin can reach $100,000 in the future, SOL could potentially rise to $200.
Key technical level breakthrough: According to analysis, SOL currently needs to watch the $138 key level. If the 1-2 hour candlestick can close stably above this level, a short-term upward trend may begin, with resistance levels around $141, $143, and $146. Today's price movement aligns with this bullish pattern.
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The main factors contributing to SOL's rise today are:
Overall market recovery: The cryptocurrency market typically experiences an "January effect" in January, as investors end year-end tax-loss selling and reallocate funds back into the market, leading to a rebound in Bitcoin ETF net inflows and driving a general market rally. Against this backdrop, Bitcoin's price has risen above $91,000, creating a positive macro environment for mainstream coins like SOL.
SOL's strong performance: Among mainstream coins, SOL stands out as the "best performing among the three major mainstream coins." Traders have pointed out that, from a technical analysis perspective, SOL's price is expected to fluctuate around $160. If Bitcoin can reach $100,000 in the future, SOL could potentially rise to $200.
Key technical level breakthrough: According to analysis, SOL currently needs to watch the $138 key level. If the 1-2 hour candlestick can close stably above this level, a short-term upward trend may begin, with resistance levels around $141, $143, and $146. Today's price movement aligns with this bullish pattern.