Recently, Solana ($SOL ) has indeed failed to meet expectations in the market performance. Compared with other projects in its ecosystem, the rebound is weaker and the decline is faster, losing its previous strong performance. Despite this, Solana's ecosystem is still growing and developing, and other projects have also shown good rebounds and good market trends.
For the JUP project, investors entered the market at around $0.82 and covered their positions again when the price fell to around $0.7850. At present, the price trend of JUP is good, but in view of the frequent pin-point market of Bitcoin (BTC), in order to ensure that profits are not withdrawn, it is recommended to partially reduce positions at around $0.9 and retain some positions in the hope of greater returns. The next position of reducing positions is expected to be around $0.95. The specific position of covering positions will be determined according to market conditions, and relevant information will be updated at that time.
The only macroeconomic data worth paying attention to in the market this week is the unemployment benefits data and the monthly rate of US retail sales in September, which will be released at 8:30 pm on Thursday. Apart from this, there are no other major news affecting the market. For Bitcoin (BTC), if the October monthly line can confirm that it stands at $65,000, then the next six months may usher in a unilateral rise. In this case, you can consider a strategy of 9.5% of the position to buy on dips and 0.5% of the position to hedge against highs. As long as it is not a daily level adjustment, shorting is not recommended. When the market falls sharply, you can look for opportunities to buy and prepare red envelopes for the Spring Festival in advance.
Compared with BTC, the price trend of Ethereum (ETH) is weaker, and the rebound strength at the 15-minute level is not strong. The market expects subsequent Ethereum upgrade hype. If the short-term can successfully break through $2,728, it is possible to form a triple bottom pattern at the daily level, and the second target above is bullish to $2,820.
Solana (SOL)'s total locked volume (TVL) is close to its historical high. Despite the first correction after the surge, investors do not need to panic. The benign price retracement is a normal adjustment within the market, laying the foundation for a better rise. For long position holders who bought the bottom near $150, as long as the 15-minute level does not fall below the key position of $150, the market is expected to continue to rise.。