Solana Manages To Escape Selling; What’s Next For SOL Price? 🔮
Solana (SOL) has experienced significant market turbulence, struggling to break resistance levels. Despite these challenges, investor confidence remains strong, with holders refraining from selling.
The trend of accumulation indicates a belief in Solana's long-term potential, with market sentiment remaining positive. The Network Value to Transactions (NVT) ratio's decline suggests a healthy alignment with transaction activity, providing hope for future recovery.
Solana's price currently stands at $146, maintaining critical support at $144. If the bullish momentum continues, SOL could target resistance levels at $152 and $161. However, a decline below $144 may indicate a shift towards bearish sentiments.
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