New Version, Worth Being Seen! #GateAPPRefreshExperience
🎁 Gate APP has been updated to the latest version v8.0.5. Share your authentic experience on Gate Square for a chance to win Gate-exclusive Christmas gift boxes and position experience vouchers.
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1. Download and update the Gate APP to version v8.0.5
2. Publish a post on Gate Square and include the hashtag: #GateAPPRefreshExperience
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Key new features and optimizations
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#Market Analysis: Buy the Dip or Wait? #SOLUSD
There will be no double bottom on Solana, at least not clearly expressed as on Bitcoin, but a triangle is forming; if it breaks upwards, the price will rush to $125, and if downwards, the decline will be limited to $98. Overall, closer to the middle of the month, Solana's on-chain metrics will improve, creating a favorable bullish background.
Third-party analysts: a bearish divergence is observed in the Chaikin Money Flow indicator (CMF). At the time of publication, it is below the zero line at -0.09, indicating weak interest from buyers. Additionally, the ratio of long to short positions shows that market participants are leaning towards shorts. At the time of publication, this indicator is at 0.97. We would like to add that many long traders on Solana have already capitulated, which is actually a bullish signal.