Catch the Buy Opportunity as Solana Forms Higher Lows: Kick Off the “Solana Season”

Market sentiment and macro backdrop

Currently, both Bitcoin (BTC) and Ethereum (ETH) prices are rising, and market risk appetite has clearly rebounded. Driven by the “big pie,” mainstream altcoins have the opportunity to follow suit. Solana, as a public chain project with a very high level of ecosystem activity, naturally attracts more attention and capital inflow. Only when BTC/ETH continues to confirm new highs will it be easier to trigger the “Solana season” market.

Solana Higher and Lower Position Interpretation

Image:https://www.gate.com/trade/SOL_USDT

TradingView reports that Solana quickly rebounded and stabilized above $150 after forming a bottom around $142 last week, creating a typical higher low structure that indicates an increase in buying power. Currently, the price of SOL is $165.80, having broken above the 50-day moving average, and is targeting the 100-day moving average of $175.70.

Potential Buying Points and Trading Strategies

• Buy the dip in batches: You can slightly accumulate in the range of $160–165 and participate in tiered layout.
• Breakthrough confirmation for buying: If SOL breaks above 175 dollars with an increase in daily trading volume, consider fully investing or significantly increasing your position.
• Short-term profit-taking zone: Initial target in the range of $185—$190, adjustments will be made based on the strength of the breakout.
• Long-term holding: If the market opens as expected for the “Solana season,” then a higher target above $200 can be considered.

Precautions and Risk Control

1. Relying on mainstream coins to break through: Avoid chasing prices when mainstream coins are weak to prevent being trapped.
2. Set Stop Loss: It is recommended to set a stop loss within 10% below $150 to avoid liquidation caused by sudden negative news.
3. Position allocation: Newbies should not exceed 30% of their account assets in total positions. Reduce positions in a timely manner when the price rises, and maintain 20% to 30% in cash to prepare for a pullback.
4. Pay attention to large on-chain movements: On-chain capital inflows or whale trades can help capture trend reversal signals.