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There is a major piece of favourable information coming for SOL. Is there a chance it could push up to 1000?
The SOL ETF may be approved on October 16th. After the ETF approval, it will lead to more capital inflow. Referring to the ETF approvals of ETH and BTC, generally, there is an expectation of favourable information before approval, and prices tend to rise; after approval, once the favourable information is realized, there might be a drop...
Looking back at the secondary market, BTC and ETH are currently experiencing fluctuations and pullbacks. Although SOL has driven some pullback, the strength of the pullback is getting smaller, while the rebounds are getting faster. This means that there is corresponding capital supporting the lower levels. Currently, the weekly level is in an upward fluctuation.
Currently, the focus is on the four-hour MACD, which can drive a wave of price increase as long as it rises above the zero line. As long as it can rise above 205, it will move around 250. At present, the market sentiment towards SOL is very negative, and it is precisely because of this negativity that there is opportunity. Therefore, those who are optimistic about SOL's rebound can enter the market in batches.
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