Solana’s price bounced back from $128.49, flashing some short-term strength. Even so, it’s now struggling to break $140 - A level where...
Trading volume seemed steady, meaning traders are waiting to see what happens before making big moves
price bounced back from $128.49, flashing some short-term strength. Even so, it’s now struggling to break $140 – A level where sellers keep pushing it down.Solana’s market struggles – Will the rally continue? Solana’s trading volume shot up by 130.42% to $3.33 billion, meaning more people are buying and selling.that more traders are betting on Solana’s future price. The total money in Solana Futures is now $5.25 billion, up 11.01%. This means that more people are taking risks with leveraged trades.This hike in Open Interest can either support further price growth or trigger sharp corrections if liquidation events occur.that SOL’s RSI stood at 67, placing SOL in a neutral zone.
The 130% jump in trading volume is a good sign, but if buyers slow down, SOL might struggle to stay at this level and it could drop again.
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