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- 📢 Gate Square #Creator Campaign Phase 2# is officially live!
Join the ZKWASM event series, share your insights, and win a share of 4,000 $ZKWASM!
As a pioneer in zk-based public chains, ZKWASM is now being prominently promoted on the Gate platform!
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📅 Time: July 25, 22:00 – July 29, 22:00 (UTC+8)
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Post original content (at least 100 words) on Gate Square related to
- 📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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- 🎉 Gate Square’s "Spark Program" Surpasses 1,000 KOLs!
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- 📢 #Gate Square Writing Contest Phase 3# is officially kicks off!
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The recent market volume of Sol has shown significant changes, indicating a potential trend shift. The volume has surged to over 18 billion, and the price has broken through the 200 USDT mark, which may suggest a shift in market sentiment towards the positive, with a reversal trend forming.
However, investors need to remain vigilant. If the volume shrinks to below 10 billion and the price falls below 195 USDT, it may indicate that the market is at risk of a second bottom. At this time, closely monitoring technical indicators is crucial. The RSI needs to rebound above 40, and the MACD indicator must form a golden cross to further confirm the strengthening of bullish signals.
It is important to note that if the price suddenly falls below the key support level of 193 USDT, investors may need to consider a full withdrawal from the market and adopt a wait-and-see attitude. In such a volatile market environment, it is especially important to remain calm and rational.
Overall, Sol is currently in a critical price range. Investors should closely monitor changes in volume and price trends, and make informed investment decisions based on the signals from technical indicators. The market is constantly changing, and timely adjustments to strategies may be the best way to cope with the current situation.