📢 Gate Square #Creator Campaign Phase 1# is now live – support the launch of the PUMP token sale!
The viral Solana-based project Pump.Fun ($PUMP) is now live on Gate for public sale!
Join the Gate Square Creator Campaign, unleash your content power, and earn rewards!
📅 Campaign Period: July 11, 18:00 – July 15, 22:00 (UTC+8)
🎁 Total Prize Pool: $500 token rewards
✅ Event 1: Create & Post – Win Content Rewards
📅 Timeframe: July 12, 22:00 – July 15, 22:00 (UTC+8)
📌 How to Join:
Post original content about the PUMP project on Gate Square:
Minimum 100 words
Include hashtags: #Creator Campaign
📉 Solana Technical Overview
On the daily chart, $SOL is showing a notable drop of nearly −6.7%, with today's candle closing below the middle line of the Bollinger Bands. This could signal a potential short-term trend reversal or the beginning of a corrective phase.
🔍 Key Technical Insights:
Bollinger Bands (20, 2): Price has broken below the midline (20-day MA), suggesting weakening bullish momentum and a shift toward a more neutral or bearish outlook.
MACD: A bearish crossover has occurred, with the MACD line crossing below the signal line. The histogram is also declining, indicating fading bullish momentum.
RSI (14): Currently around 51, still in neutral territory but heading downward — if it drops below 50, it could confirm increasing selling pressure.
📌 What to Watch Next:
The $150–$155 zone may act as immediate support. A bounce from this area could stabilize the price, but a break lower may open the door to deeper correction toward the $135–$140 range.
Stay alert — the market is showing signs of cooling after a strong rally.
#Solana # Altcoin Season#