📢 #Gate观点任务# 第一期精彩啓程!調研 Palio (PAL) 項目,在Gate廣場發布您的看法觀點,瓜分 $300 PAL!
💰️ 選取15名優質發帖用戶,每人輕鬆贏取 $20 PAL!
👉 參與方式:
1. 調研$PAL項目,發表你對項目的見解。
2. 帶上$PAL交易連結。
3. 推廣$PAL生態周系列活動:
爲慶祝PAL上線Gate交易,平台特推出HODLer Airdrop、CandyDrop、VIP Airdrop、Alpha及餘幣寶等多項PAL專屬活動,回饋廣大用戶。請在帖文中積極宣傳本次系列活動,詳情:https://www.gate.com/announcements/article/45976
建議項目調研的主題:
🔹 Palio 是什麼?
🔹 $PAL 代幣經濟模型如何運作?
🔹 如何參與 $PAL生態周系列活動?
您可以選擇以上一個或多個方向發表看法,也可以跳出框架,分享主題以外的獨到見解。
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⚠️ 重復內容的帖子將不會被選取,請分享屬於你獨特的觀點。
⏰ 活動時間:截止至 2025年7月11日 24:00(UTC+8)
SOL ETF news gain evaporates, while chart warns of another 20% drop
Key takeaways:
SOL (SOL) rallied 5% to hit $160 on Monday following news of its first exchange-traded fund (ETF) going live for trading on Wednesday. However, the momentum was short-lived as the altcoin erased all gains within 24 hours, and price weakness can be seen on multiple time frames.
In the lower time frame, SOL has failed to maintain a position above the 50-day and 200-day exponential moving averages (EMAs) for over a month. Despite several bullish break-of-structure formations, including last week’s pop above $148, the altcoin has not converted these into sustainable uptrends.
The $148 level is currently under pressure, and a drop below $137 would confirm a lower low, negating the chance of near-term bullish continuation. For SOL to regain upside momentum, a successful retest of the $145–$137 demand zone, followed by recovery above $160, remains pivotal.
While such patterns can lead to bullish breakouts, SOL has remained highly sensitive to Bitcoin’s weakness throughout the past month. While Bitcoin (BTC) hovers near all-time highs, the crypto asset has declined nearly 50% since Jan. 19, reflecting relative underperformance.
Related: Analysts raise chance of SOL, XRP and LTC ETF approval to 95%
SOL UTXO realized price signals key price levels
SOL trades around $148 on Tuesday, with its UTXO realized price distribution (URPD), a metric tracking the price levels at which tokens were acquired, offering critical insights into support and resistance zones. The current price sits within a supply cluster of 14.3% at $144.5 to $147.7, suggesting strong holder concentration. This level is pivotal, as a range that could sustain the current price if buying pressure holds.
Data from Glassnode indicates that maintaining above $144 is crucial. A breach below this threshold signals potential weakness, increasing the likelihood of a retest of lower support zones
Resistance emerges at $157, where 5.55% of supply is concentrated, posing a challenge for upward momentum. For now, the dense $144.5-$147.7 cluster underscores a solid base, where investors should defend SOL price.
Related: SOL price rallies to $161 after ETF news, but is the rally sustainable?
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.