SOL recently experienced a wave of market activity that indeed unsettled many. The recent rally was impressive, prompting numerous questions from followers, but my advice remains the same: be patient. After years in this space, I've seen too many stories of chasing highs and getting caught. The current upward momentum in SOL is most likely entering a "consolidation phase," in other words, a period for the bulls to catch their breath. But this doesn't mean the story is over; in fact, it's a prime window for re-strategizing.



Let's start with the conclusion before diving into the data. The bullish logic for SOL remains intact and hasn't reached a reversal point yet. However, overbought signals are now quite evident, and rushing to chase the high could be setting oneself up for institutions' profit-taking actions. The real opportunity lies in the correction or waiting for a confirmed breakout to get in at the best entry point.

Looking at specific trading data makes this clearer. The 24-hour trading volume has already surpassed 33 million, and the latest candlestick shows increased volume with a bullish close. Such volume levels are definitely beyond what retail investors can drive, indicating that institutional funds and large players are actively entering the market. But there's a key logical shift here: high trading volume means different things at different stages of a trend. Early in a trend, high volume indicates strong buying interest; in an overbought state, the same volume could signal the "last hurrah before distribution." This is why caution is essential.

From a capital flow perspective, the data is even more telling. The net inflow in the spot market over the past 24 hours reached 23.5 million, and the cumulative net inflow over the past 7 days exceeded 77 million. What does this tell us? That both small and large investors are actively building positions and holding, and the resilience of spot buying should not be underestimated. Continuous capital inflows provide fundamental support for the bulls.

In summary, SOL's bullish foundation remains solid, but short-term overbought risks should be watched carefully. True investors should stay calm, look for better entry points during the correction waves, and avoid being blinded by the current gains. The market always offers opportunities to those with patience.
SOL-3,48%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 6
  • Repost
  • Share
Comment
0/400
ChainComedianvip
· 13h ago
Listen, chasing highs is really a golden rule; I've seen too many bloody lessons. A trading volume of 33 million sounds impressive, but this is just institutions accumulating, there will definitely be a correction later. Net capital inflow of 77 million? That's just stacking chips, don't be fooled by these numbers. The consolidation period is normal, the bulls are still there, but now is just gambling on luck to get in, wait a bit. There will definitely be more opportunities after this wave of market, but now is definitely not the time to chase. I just want to ask, who dares to buy at such high levels? Are you that brave? Basically, it's just waiting for a correction; those with patience will eat the meat, while impatient people are just chives. I'm tired of hearing the words overbought, and then there's a crash—this routine is played out.
View OriginalReply0
JustHodlItvip
· 13h ago
It's the same old story; chasing highs can easily lead to getting trapped. Wait for the adjustment, don't follow the herd. Institutions do this before selling off, being cautious is wise. Good data doesn't mean you should rush in; if overbought, wait a bit. Capital inflows are a good sign, but not a reason to buy now. Patience is key; there's no need to rush.
View OriginalReply0
rekt_but_vibingvip
· 13h ago
Once again, I'm about to get trapped, huh haha Institutions are distributing, and I'm still buying the dip, that's my story. Wait for the adjustment, don't rush to get on board.
View OriginalReply0
StablecoinSkepticvip
· 13h ago
Wait, can this data really show that institutions are offloading? It feels reversed.
View OriginalReply0
PrivateKeyParanoiavip
· 13h ago
Wait, are institutions really building positions or clearing them out? This data seems like it can be interpreted the other way around.
View OriginalReply0
SignatureCollectorvip
· 13h ago
Buying at the peak is the fastest way to get burned; I just watch those people panic. Waiting for the correction to re-enter is the right move. By the way, the institutions' pace of selling this wave is incredible; retail investors are going to be left holding the bag again. I've been wanting to buy the dip for a long time, and now I finally have the chance. This overbought situation is a bit outrageous; I still need to stay calm.
View OriginalReply0
  • Pin

Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate App
Community
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)