💙 Gate Square #Gate Blue Challenge# 💙
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📅 Event Period
August 11 – 20, 2025
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Solana (SOL) is currently in a key price range. $203 is an important support level that needs to be closely followed. If it can hold above this level, it is likely to push the price upward, with a potential to reach around $210 or even $212.
However, if the support level of $203 cannot hold above, we may see the price retreat to the next support level of $200. It is worth noting that even if this happens, as long as it does not fall below $200, it can still be considered for buying on dips. Currently, the bullish strength remains quite strong, which provides favorable conditions for price increases.
From the price trend that started yesterday afternoon, investors who followed this analytical strategy may have gained about 8% to 9% in profits. This once again demonstrates the importance of accurately grasping market trends.
In the cryptocurrency market, timely market analysis and accurate judgment are crucial. Continuously following market dynamics, combined with technical analysis and fundamental factors, can help investors make wiser decisions. Whether experienced traders or novice investors, one should operate cautiously, control risks, and ensure long-term stable returns in this market filled with opportunities and challenges.