Recently, the price of Solana (SOL) has once again entered the oversold rebound range predicted by analysts. Market data shows that SOL has reached a low of $155.83, which closely aligns with the previous predicted range of $155.64-$159.2.



Some traders are considering entering at the current price level, hoping to achieve a short-term rebound profit of 10-15%. However, it is worth noting that this may just be a temporary technical rebound, and the long-term trend may still remain downward.

Looking back, around July 22 was considered the end of the altcoin season, and SOL also reached a temporary high near $206.3. This means that the current rebound may just be a short-term phenomenon, and caution is still needed in the future.

For investors who are interested in participating, this is a high-risk, high-reward trading opportunity. It is recommended to thoroughly assess the risks before entering, set reasonable stop-loss positions, and closely monitor market changes and the project's fundamentals.

It is important to emphasize that the cryptocurrency market is highly volatile, and investors should exercise caution and not invest more money than they can afford. At the same time, it is wise to continue to pay attention to industry dynamics and regulatory policy changes, and do a good job in risk management.
SOL2.46%
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¯\_(ツ)_/¯vip
· 08-06 01:33
It just rises for a while and then falls.
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CryptoAdventurervip
· 08-03 03:47
The taste of Cut Loss is too familiar; it's that time of the year again to pay tuition fees.
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SandwichHuntervip
· 08-03 03:47
Short-term trading in SOL is just right.
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PonziDetectorvip
· 08-03 03:43
Rebound what the hell, the trend is already over.
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HashBardvip
· 08-03 03:23
like watching a tragic poetry unfold... sol's dance with gravity seems eternal rn
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