🎉 Gate Square Growth Points Summer Lucky Draw Round 1️⃣ 2️⃣ Is Live!
🎁 Prize pool over $10,000! Win Huawei Mate Tri-fold Phone, F1 Red Bull Racing Car Model, exclusive Gate merch, popular tokens & more!
Try your luck now 👉 https://www.gate.com/activities/pointprize?now_period=12
How to earn Growth Points fast?
1️⃣ Go to [Square], tap the icon next to your avatar to enter [Community Center]
2️⃣ Complete daily tasks like posting, commenting, liking, and chatting to earn points
100% chance to win — prizes guaranteed! Come and draw now!
Event ends: August 9, 16:00 UTC
More details: https://www
The crypto assets market is steadily recovering from recent fluctuations. Ethereum (ETH) has rebounded to $3,860 after a brief fall, and this rebound has also led to a significant rise in other alternative tokens. Among this upward momentum, Solana (SOL) stands out, showing signs of potentially continuing its strong rise.
SOL has achieved a 19% rise this month, which is not just following the trend, but may be repeating the bullish pattern recently seen in SEI. By comparing the daily charts of SEI and SOL, we can find that both have striking similarities in their structure.
Earlier, SEI broke through a clear rising triangle - a typical bullish continuation pattern. After the breakout, SEI experienced a brief pullback, retesting the trendline support, and subsequently achieved a strong rise of 55%.
SOL seems to be following a similar path. After consolidating for several months within an ascending triangle, SOL broke through to $206. The subsequent healthy pullback brought its low to $170, retesting the previous resistance level as support. Currently, SOL is trading around $180, and its stable pattern is similar to the behavior of SEI before the breakout continuation.
If this pattern fully unfolds, SOL may welcome another strong rise. A breakout above the recent high of $206 will confirm this trend and may open up higher targets—$244 and $271 become the next major resistance zones, indicating a potential rise of up to 48% relative to current levels.
However, investors should be cautious, as the confirmation of the pattern is crucial. If SOL fails to hold the breakout area or falls below $170, this structure will fail, potentially leading to further declines.
Currently, the technical structure of SOL remains intact, and bullish investors are closely watching its trends. However, it is worth noting that the inherent fluctuation of the crypto assets market means that investors should conduct thorough research and risk assessment before making any decisions.