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Don't be scared by this wave of correction. SOL's pullback is actually quite normal, but the key point is that this decline has given clear-minded investors an opportunity to get in. From the news side to the technical side, support levels are quite solid.
First, let's talk about the news. The biggest news yesterday was Morgan Stanley announcing that they will directly issue ETF products for Bitcoin and SOL, and they are using their own branding. This is indeed rare in Morgan Stanley's history, essentially indicating that traditional financial giants are genuinely optimistic about this track with real capital backing. Bitwise's Chief Investment Officer also confirmed this. This is not just retail speculation; it’s actions from large institutions with real funds. Next, the upcoming release of non-farm payroll data and tariff decision are two important events. Once the market digests this information, capital inflows will follow quickly.
From a technical perspective, it also looks good. SOL has clear support between $137 and $134, with resistance at $145. Once it breaks through $145, there is significant room for growth. The correction has reached its appropriate level, and the bottom structure is stable. This is actually the time for patient investors to position themselves. The long-term positive outlook is already confirmed, and short-term fluctuations are simply market noise.
Overall, the current situation for SOL is that the fundamentals are improving, and the technicals are forming a bottom. With these two factors stacking up, it will either build momentum or launch into a rally. In the short term, there's no need to worry too much about daily ups and downs; just hold your position steadily.