随着比特币的修正，山寨币暴跌； Solana 面临看跌阻力

在市场放缓的情况下，由于比特币下跌以及比特币交易所交易基金（ETF）从流入转向流出，山寨币的主导地位下降。值得注意的是，Solana (SOL) 面临链上指标下降，包括活跃地址、新地址创建和交易费用，引起了长期投资者的担忧。

Altcoins Lose Ground as Bitcoin Corrects, Solana Faces Bearish Pressures

随着比特币回调，山寨币下跌，Solana 面临看跌压力

In the wake of Bitcoin's recent dip towards the $60,000 threshold, the cryptocurrency market has experienced a downturn, leading to a decline in the dominance of various altcoins. Last week, the market underwent a correction due to a shift from robust inflows into Bitcoin exchange-traded funds (ETFs) towards outflows. This reversal contributed to Bitcoin's decline, dragging altcoins down to their support levels in the process. Notably, after SOL's price fell below the $200 mark, a significant drop in crucial on-chain metrics has raised concerns among long-term investors.

随着比特币近期跌至6万美元大关，加密货币市场经历了低迷，导致各种山寨币的主导地位下降。上周，由于比特币交易所交易基金（ETF）的强劲资金流入转向资金流出，市场经历了调整。这种逆转导致了比特币的下跌，在此过程中将山寨币拖至支撑位。值得注意的是，在 SOL 价格跌破 200 美元大关后，关键链上指标的大幅下跌引起了长期投资者的担忧。

Market Recovery and Liquidations

市场复苏和清算

In recent hours, the cryptocurrency market has entered a phase of recovery, with Bitcoin's price climbing past $68,000, which has helped to revive numerous altcoins. Over the last day, the market witnessed total liquidations surpassing $180 million, with sellers liquidating more than $114 million in positions. Notably, Solana saw a substantial short squeeze, resulting in almost $9 million in short positions being liquidated.

最近几个小时，加密货币市场进入复苏阶段，比特币价格攀升至 68,000 美元以上，这帮助众多山寨币复苏。最后一天，市场清算总额超过 1.8 亿美元，其中卖家清算头寸超过 1.14 亿美元。值得注意的是，Solana 出现了大幅轧空，导致近 900 万美元的空头头寸被清算。

Solana's Bearish Indicators

Solana 的看跌指标

Despite its recent positive momentum, Solana faces potential challenges that could halt its progress, with bearish trends becoming apparent through on-chain data. Recent data indicates a significant decrease in demand for Solana as active addresses declined from 1.61 million to 1.33 million, pointing to a decline in user interaction. Furthermore, there has been a drop in the creation of new addresses on the Solana network, decreasing from 1.25 million to 1.01 million.

尽管最近势头良好，但 Solana 仍面临着可能阻碍其进步的潜在挑战，链上数据显示看跌趋势变得越来越明显。最近的数据表明，随着活跃地址从 161 万个下降到 133 万个，对 Solana 的需求显着下降，这表明用户交互量下降。此外，Solana 网络上的新地址创建量也有所下降，从 125 万减少到 101 万。

Additionally, a significant decrease in transaction fees for Solana has been observed, dropping from $4.83 million to just $2.07 million. This decline in fees might plunge investor interest, potentially increasing sellers' dominance on the SOL price chart.

此外，Solana 的交易费用也大幅下降，从 483 万美元降至 207 万美元。费用的下降可能会降低投资者的兴趣，从而可能增加卖方在 SOL 价格图表上的主导地位。

SOL's Meteoric Rise and Future Prospects

SOL的崛起与未来展望

Since September 2023, Solana's value has experienced a meteoric rise of over 1000%. This remarkable growth is mainly due to two key elements: the bullish trend of Bitcoin, with its price reaching $75,000, and the substantial buying of SOL after FTX's collapse. Just last month, Solana saw an impressive surge of 90%, recording the biggest increase of 2024.

自 2023 年 9 月以来，Solana 的价值经历了超过 1000% 的飞速上涨。这种显着的增长主要归功于两个关键因素：比特币的看涨趋势，其价格达到 75,000 美元，以及 FTX 崩盘后对 SOL 的大量购买。就在上个月，Solana 的涨幅高达 90%，创下 2024 年最大增幅。

Currently, the market trends are favoring buyers, with investors aiming to surge above the $200 mark in the next few hours. However, sellers are vigorously defending against an upward price movement beyond the key Fibonacci retracement levels, leading to a notable increase in the volatility of the SOL price.

目前，市场趋势有利于买家，投资者的目标是在未来几个小时内飙升至 200 美元大关。然而，卖家正在积极防御价格上涨超过关键斐波那契回撤水平，导致 SOL 价格波动性显着增加。

Should attempts to break above the $200 resistance level falter, the main line of support is expected to be the ascending trend line at $170. Breaching this support could lead SOL's price to fall to a crucial level of support at $155 as seen on the 4-hour chart. A strong bounce back from the trend line might send the price towards the 20-day Exponential Moving Average (EMA). Clearing this barrier could establish a trading range of $190 to $210.

如果突破 200 美元阻力位的尝试失败，则主要支撑线预计将是 170 美元的上升趋势线。突破该支撑位可能会导致 SOL 的价格跌至 155 美元的关键支撑位（如 4 小时图表所示）。从趋势线的强劲反弹可能会将价格推向 20 日指数移动平均线 (EMA)。清除这一障碍可能会建立 190 美元至 210 美元的交易区间。

For the bulls to retain control over the market, it is essential to not only reach but also to maintain the price above the $200 mark.

对于多头来说，要保持对市场的控制，价格不仅要达到 200 美元大关，而且还要维持在 200 美元大关之上。