Recently, Solana (SOL) is approaching a key price level. From the weekly chart, if it breaks through $215, it may open up space for a new round of pump. It is worth noting that the trend of Ethereum (ETH) may have a guiding effect on SOL.

The current market is significantly different from the 'altcoin season' of 2021. Back then, even coins without any fundamental support could rise 20% daily, and the entire market was in a state of extreme excitement. Now, however, funds are more concentrated, and only a few leading projects show a clear upward trend.

Most altcoins are either consolidating or showing a long-term weak state on the chart. This divergence is not accidental, and the reasons include: too many altcoins dilute funds; market liquidity is tighter than before; funds are more directed towards on-chain applications; institutional investors prefer top assets. The result is that the strong get stronger, while the weak are ignored.

Recently, some long-silent coins have started to show better trends, which is often a precursor to market changes. However, whether the true altcoin season has arrived may not be clear until the fourth quarter.

Most altcoins have been consolidating within a range for half a year. Once a breakout is confirmed, price movements can be very rapid, making it difficult for latecomers to find good entry points.

For investors, closely monitoring the trends of leading projects in the market, while also keeping an eye on those potential coins that are poised for growth, will be key to seizing current opportunities in the crypto market.