$SOL Solana (SOL) experienced a slight decline over the past 24 hours, dropping 0.39% to trade at $147.53, with a 24-hour trading volume of $3.75 billion. Despite the dip, Solana remains resilient, supported by strong decentralized finance (DeFi) activity, surpassing competitors like Ethereum and Binance Smart Chain in 24-hour DEX volume. Technical indicators show mixed signals: the Relative Strength Index at 61.49 suggests neutral momentum, while a bullish cup-and-handle pattern on the daily chart hints at a potential breakout toward $220 if resistance at $160 is breached. Market sentiment remains cautiously optimistic, with Solana’s robust ecosystem and low transaction costs driving continued investor interest.
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