It seems that the ecological niche of the E guard in this cycle will be inherited by the Suo guard, and the current pressure on SOL is near 186 on the weekly upper track. At present, I am personally observing what is the reason for the low rise of SOL: 1. Capital rotation logic: The typical rotation path of the crypto market is BTC (safe assets), then ETH (DeFi/L2 narrative), and finally altcoins such as SOL 2. Institutional change logic: ETH has risen sharply recently because large institutions have entered the market, bringing a large amount of funds and even completing the change to a certain extent. It is unknown whether institutions will replicate the reserve + bank change logic on SOL in the future. As for the narrative of the project itself, it may not be that important, after all, after the rise, there will be great Confucians to distinguish the scriptures for you. However, SOL is currently the best option for those who do not dare to chase high BTC ether and buy copycats in large positions.
The rise of Ethereum may drive the major L2 DeFi projects, while the rise of SOL will push the MEMEs forward. The P small generals have been silent for a long time, but in the end, there will definitely be a place for SOL.
Coins like DOGE have directly broken through the weekly resistance level, while SOL might want to first observe the 200 integer level; above 200, the next target is 220.
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