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https://www.gate.com/announcements/article/45974
The performance of Solana (SOL) has been particularly outstanding recently, attracting widespread attention from the market. Although news of partnerships with Serum and Chainlink, as well as the first-day trading volume of thirty million dollars for the US stock staking products, has emerged, the price of the coin has not seen a significant rise, which may be due to the market still observing the overall impact of this Favourable Information.
From a technical perspective, SOL has broken through an important resistance level, with the daily chart showing a bullish advantage. In the short term, the resistance level of 190 dollars may turn into a support level, with the overall trend moving upwards.
Investors should now closely monitor two key factors: the upgrade progress of Solana 2.0 and the direction of regulatory policies. These two factors could have a significant impact on the future trend of SOL.
For investors who are interested in participating, it may be worth considering to buy in batches when SOL retraces to the $170-$175 range. If it breaks through $192, it could initiate a new round of upward momentum, with the potential to create new highs.
It is worth noting that the cryptocurrency market is notoriously volatile, and investors should proceed with caution and implement risk management. At the same time, the market environment changes rapidly, so it is crucial to stay updated on the latest developments and analyses.