SOL has recently been engaged in a fierce tug-of-war around the key price level of $130, becoming the market's focus. According to the latest data, if this level can hold steady, a breakout to the upside is likely to follow.
From a fundamental perspective, the data performance is indeed impressive. SOL's revenue is 37% higher than the second place, which is a considerable advantage and to some extent reflects its network activity competitiveness. If this technical level can be maintained, the on-chain landscape may face new changes.
However, several issues need to be viewed calmly. First, although $130 is an important support, a break below this level could activate bearish forces, leading to a larger correction. Second, good revenue data does not necessarily mean an immediate rise; attention should also be paid to subsequent ecosystem development and the actions of competitors. Finally, market hotspots rotate quickly, and short-term data can easily cause emotional fluctuations, which requires special vigilance.
From an operational perspective, it is recommended to focus on changes in trading volume and confirmation of on-chain data, as these are often more meaningful than short-term price fluctuations. The true signals of the market are often hidden in these details.
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SOL has recently been engaged in a fierce tug-of-war around the key price level of $130, becoming the market's focus. According to the latest data, if this level can hold steady, a breakout to the upside is likely to follow.
From a fundamental perspective, the data performance is indeed impressive. SOL's revenue is 37% higher than the second place, which is a considerable advantage and to some extent reflects its network activity competitiveness. If this technical level can be maintained, the on-chain landscape may face new changes.
However, several issues need to be viewed calmly. First, although $130 is an important support, a break below this level could activate bearish forces, leading to a larger correction. Second, good revenue data does not necessarily mean an immediate rise; attention should also be paid to subsequent ecosystem development and the actions of competitors. Finally, market hotspots rotate quickly, and short-term data can easily cause emotional fluctuations, which requires special vigilance.
From an operational perspective, it is recommended to focus on changes in trading volume and confirmation of on-chain data, as these are often more meaningful than short-term price fluctuations. The true signals of the market are often hidden in these details.