💙 Gate Square #Gate Blue Challenge# 💙
Show your limitless creativity with Gate Blue!
📅 Event Period
August 11 – 20, 2025
🎯 How to Participate
1. Post your original creation (image / video / hand-drawn art / digital work, etc.) on Gate Square, incorporating Gate’s brand blue or the Gate logo.
2. Include the hashtag #Gate Blue Challenge# in your post title or content.
3. Add a short blessing or message for Gate in your content (e.g., “Wishing Gate Exchange continued success — may the blue shine forever!”).
4. Submissions must be original and comply with community guidelines. Plagiarism or re
Recently, the price of Solana (SOL) has begun to adjust after oscillating at a high level. Although there is a rebound in the short term, it lacks sufficient breakthrough momentum. From the mid-term technical perspective, it still shows a bearish trend. To reverse this situation, SOL needs to break through the exponential moving average (EMA) and the first resistance level (R1).
The four-hour chart shows that SOL is in a medium-term downtrend. In terms of short positions, it is recommended to set the stop loss near $201.71. $192.18 and $198 are two price levels to consider for adding positions, with $192.18 already triggered. If the price falls below $176.60, additional short positions can be added. The target take profit levels are $167.13, $161.00, and $153.60.
The hourly chart shows that SOL is in a consolidating bearish trend. Short-term short positions can set a stop loss at $194.80. $190.50 ( has triggered ) and $193.00 are two possible averaging points. If it breaks below $186.00, consider adding to the short position. The take profit targets are $181.00, $176.60, and $167.13.
From a comprehensive analysis, the current bullish momentum of SOL has weakened, and various technical indicators have not shown obvious bullish signals. It is recommended to primarily adopt a short strategy on rallies, waiting for the price to rebound to a suitable position before positioning. If SOL can break through and stabilize above the R1 resistance level, one may consider switching to a long position. However, given the current situation, the upper resistance has not been effectively broken.
From the structure of the 4-hour chart, the overall trend of SOL still appears weak. Investors need to closely monitor the key support range between $176 and $167, as the price may test this area again to seek support.
In operations, be sure to pay attention to risk management, set stop-loss levels reasonably to cope with market uncertainties. At the same time, continuously monitor market dynamics and fundamental news, and adjust strategies in a timely manner.