📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
According to the latest Technical Analysis, Solana (SOL) is currently showing a clear downward trend in the market. From the 4-hour time frame, the SOL price continues to operate below the middle band of the Bollinger Bands, indicating that the market is in a seller-dominated phase, with overall pressure clearly evident.
Further observing the 1-hour candlestick chart, we can see that SOL has recently shown a surge followed by a pullback. This pattern usually indicates significant selling pressure in the short term, and the upward momentum is insufficient to support an effective breakthrough, thereby reinforcing a bearish market pattern in the short term.
Based on the current market situation, investors may need to maintain a cautious attitude. For experienced traders, it may be worth considering shorting opportunities in the range of $164.7 to $165.2. If the bearish forces continue to dominate, the SOL price may first test the support level at $161.49. If this level fails to hold, the next key support level may be around $160.49.
However, the cryptocurrency market is ever-changing, and investors should fully assess the risks before making any trading decisions, taking into account their personal risk tolerance and investment goals. Additionally, it is crucial to closely monitor the overall market trends, changes in the regulatory environment, and other factors that may affect the price of SOL.