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📖 Day 1 · Quiz (Single Choic
This week, Solana experienced a dramatic fluctuation of 19%, but the stock price showed strong resistance to falling, which may suggest that the power of short positions is gradually weakening. Although the market performance in early September may not be as strong as in July and August, we need to recognize that market fluctuations during the end of the season are quite normal.
Currently, investors' attention is mainly focused on the potential interest rate cut expectations. In this context, the main market funds are likely quietly laying out their positions, taking the opportunity to accumulate at low prices. Once the interest rate cut policy is officially implemented, we have reason to believe that Solana's market will experience a substantial increase.
It is worth noting that although the cryptocurrency market may face correction pressure in the short term, this could be an excellent opportunity for investors to accumulate positions in the long term. Of course, investors should still carefully assess risks and consider their own investment strategies before making any decisions.
Overall, the current Solana market is showing a state of being poised for action. As macroeconomic policies become clearer, we may witness a new wave of activity in the cryptocurrency market. Regardless, remaining vigilant and conducting rational analysis are always the golden rules in the field of investment.