SNARKtor Launch on Mainnet

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In the early hours of today, the price of Solana (SOL) showed a strong upward momentum, successfully breaking through the key resistance level of $196, causing market sentiment to quickly shift to a bullish dominance. There are multiple factors driving this wave of upward momentum. Firstly, the inflow of funds from Bitcoin ETFs has spurred a rebound in the entire cryptocurrency market, making SOL a natural focus for capital due to its status as a leading project in the ecosystem. Secondly, rumors are circulating in the market that a well-known exchange is about to launch a new protocol within the SOL ecosystem. Although this has not yet been officially confirmed, it has already sparked positive expectations among investors. Additionally, the expectation that the Federal Reserve may cut interest rates in September has also provided support for high-risk assets. From a technical perspective, the breakthrough of SOL shows strong upward momentum. The resistance level of $196, which has suppressed the price multiple times, has been breached, indicating that the short-term trend has shifted to bullish. Currently, the price is approaching the Fibonacci resistance level of $205, which will be the next important test for the bulls. It is worth noting that trading volume has significantly increased, estimated to reach 1.23 million, an increase of more than 50% compared to the previous day, indicating that this breakthrough has received substantial financial support. However, investors also need to remain cautious. The RSI indicator shows that the market is in an overbought state. Although the trend has not ended, there is a significant risk in chasing highs in the short term. For investors who intend to participate, the following key price levels can be monitored: 1. $205: If it can solidly break through this level, the next target may look towards the $210-215 range. 2. $196: has now become an important support level; if broken, it may indicate a short-term bullish trend is challenged. 3. $189: This is a strong support level; as long as it doesn't break, the overall upward trend remains valid. Although SOL is currently showing a positive upward momentum, investors should remain vigilant for potential risk signals, such as divergence in the RSI indicator. Overall, this wave of movement in SOL seems to have a certain degree of sustainability, but investors should avoid blindly chasing highs and instead look for better entry opportunities during possible pullbacks. In the cryptocurrency market filled with opportunities and risks, it is crucial to maintain rationality and vigilance. As the market continues to evolve, investors need to closely monitor changes in various factors, including technical indicators, market sentiment, and the broader economic environment, to make informed investment decisions.

Since I started participating in encryption Airdrop in mid-July, it has been nearly a month and a half. Looking back, the initial excitement stands in stark contrast to now. At that time, multiple projects were airdropping simultaneously, allowing people to experience the thrill of 'one fish, multiple meals', which was indeed exhilarating. However, as time goes by, the frequency and quantity of Airdrops are gradually decreasing. Nowadays, encountering an Airdrop every day is considered lucky, and sometimes there isn’t even one. This change makes one wonder: has the competition in the Airdrop market become more intense? Although the current airdrop earnings may seem modest, it is still fortunate to have experienced the peak period of airdrops. The feeling of one project bringing multiple benefits is indeed something to reminisce about. In light of the current situation, many participants may ask: will we encounter such a grand occasion again? Will the Airdrop market see a resurgence of its former prosperity? Perhaps only time can provide answers to these questions. Regardless, in the world of cryptocurrency, opportunities and challenges coexist, and maintaining a positive attitude and continuous attention may be the next chance for 'one fish to eat multiple times'.