📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
The Solana (SOL) market is at a critical moment, just a step away from the $200 mark. A sudden influx of buy orders in the market indicates that institutional funds are accelerating their entry. Currently, all moving averages are showing a strong rise trend, with Trading Volume surging by 40%, but the $206 mark remains an important resistance level. This situation usually suggests that a significant pump is imminent.
Global financial giant MultiBank Group has recently opened SOL trading, providing institutional investors with new investment channels, which brings more funding support for SOL. Another potential positive news is that the U.S. Securities and Exchange Commission (SEC) will announce new policies for decentralized finance (DeFi) next month. If the new policy clearly states that decentralized exchanges can operate without a license, the price of SOL may experience a significant rise.
However, competition is also intensifying. Platforms like Sushi and Curve are also working hard to attract users. SOL needs to successfully launch its new version on July 24 to maintain its market leadership.
From a technical indicator perspective, the MACD has not yet shown a death cross, the RSI is in the bullish zone, and the Bollinger Bands are in a state of potential expansion. These indicators all suggest a potential rise opportunity.
In the short term, SOL is expected to fluctuate between $200 and $206. If it successfully breaks through $206, the next target price may be $215. Assuming the Bitcoin market remains stable, SOL is expected to reach $240 before August.
The long-term outlook is more optimistic. If the Bitcoin ETF is approved, along with the successful upgrade of Solana's Firedancer, SOL could potentially hit 300 dollars by the end of the year, and even 500 dollars is not out of the question.
Investors should closely monitor market trends, make rational decisions, and control risks.