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.
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hodl_therapist
· 3h ago
Morgan Stanley has already entered the market. The big players' actions are right there, and this wave of decline is indeed a good window to buy in.
Isn't the signal from Morgan directly launching ETF products clear enough? Traditional finance has already recognized it.
Don't be shaken out by short-term fluctuations; hold steady and you're good.
Damn, it's another few days of震荡 before the non-farm payroll report.
Can the 137 support level hold? It feels a bit shaky.
Exactly, the market is just consolidating and gathering strength; be patient and wait.
Buying SOL now is like bottom-fishing at a low price. Smart investors are adding positions here.
Both fundamentals and technicals point in the same direction. This is actually the toughest test of patience.
Big institutions' genuine support with real money, not just talk; that's what I trust.
Breaking through 145 will be interesting; then we'll see if there's enough buying power to absorb the sell-offs.
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BearMarketBuyer
· 4h ago
Morgan Stanley has already gone live. What are we still hesitating about? This is truly a great time to get on board.
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HalfBuddhaMoney
· 01-07 07:54
Morgan Stanley's recent move is indeed aggressive, directly taking on the responsibilities of traditional finance.
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OnchainGossiper
· 01-07 07:53
Morgan Stanley's move was brilliant; big capital is all in ambush for SOL, while retail investors are still debating how many points it has dropped?
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GasFeeCryer
· 01-07 07:28
Morgan Stanley is really going all in this time. Traditional finance is taking it seriously now.
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.