The cryptocurrency market has recently performed poorly, and the trend of SOL is particularly worth noting. Observations reveal that SOL is highly correlated with the movements of Bitcoin and Ethereum, displaying a clear follow-up effect. When Bitcoin falls, SOL falls as well; when Ethereum falls, SOL also follows suit; if both decline simultaneously, the drop in SOL is even more significant.

It is worth noting that SOL is sensitive to the trends of the U.S. stock market. When the U.S. stock market falls, SOL often breaks through support levels. However, during the upward phase, the gains of SOL are relatively limited. Generally, SOL may take a long time to accumulate a certain level of gains, but these gains can be wiped out in just one hour. More concerning is that even after experiencing a round of declines, SOL may continue to fall, seemingly lacking clear bottom support.

For investors focusing on SOL, this market performance may indicate the need to reassess investment strategies. In the current market environment, the support level for SOL seems to have little substantial effect, and investors may need to view its trends more cautiously and consider whether adjustments to their portfolios are necessary.

Overall, the market performance of SOL reflects the overall uncertainty in the current cryptocurrency market. Investors need to consider various market factors comprehensively when making decisions, including but not limited to the correlation with other mainstream cryptocurrencies, sensitivity to traditional financial markets, and their own risk tolerance.