💥 Gate Square Event: #PostToWinPORTALS# 💥
Post original content on Gate Square related to PORTALS, the Alpha Trading Competition, the Airdrop Campaign, or Launchpool, and get a chance to share 1,300 PORTALS rewards!
📅 Event Period: Sept 18, 2025, 18:00 – Sept 25, 2025, 24:00 (UTC+8)
📌 Related Campaigns:
Alpha Trading Competition: Join for a chance to win rewards
👉 https://www.gate.com/announcements/article/47181
Airdrop Campaign: Claim your PORTALS airdrop
👉 https://www.gate.com/announcements/article/47168
Launchpool: Stake GT to earn PORTALS
👉 https://www.gate.com/announcements/articl
The recent price performance of Solana (SOL) is remarkable. Since September 16, SOL has maintained an upward trend and successfully broke through the high point set on September 14 yesterday. However, market participants need to remain vigilant, as this wave of increase is accompanied by a noteworthy phenomenon: a significant decrease in Trading Volume compared to the previous period.
Compared to the upward phase from September 8 to 12, the current stage's Trading Volume has significantly decreased, indicating that the buying power may have begun to weaken in the short term. This shrinkage in Trading Volume is typically viewed as a signal that market momentum may soon change.
From a technical perspective, SOL is likely to experience a pullback in the near future. Market analysts expect that after testing the key short-term support level of 230 USD, SOL may regain upward momentum. The performance of this support level will be an important indicator for judging SOL's subsequent trend.
For investors, this potential pullback may provide a better entry opportunity. However, given the high volatility of the cryptocurrency market, investors should conduct comprehensive research and risk assessment before making any decisions.
Overall, although there may be some pressure in the short term, the medium to long-term prospects for SOL are still worth paying attention to. With the continued development of areas such as decentralized finance and NFTs, the potential of the Solana ecosystem may become even more apparent.