Solana (SOL) Surges Past $140 Despite Increasing Competition From Other Blockchains 📈
Solana (SOL) has surged over 9%, surpassing $140, despite fierce competition from BNB. While SOL's price shows promise, investors are skeptical about its durability.
Traders are eyeing RSI levels now above 70, hinting at overbought conditions. If SOL maintains its rally, resistance could reach $152. However, whales remain cautious.
Founder of Titan, Chris Chung, views the competition among Solana-based DEX platforms positively, as it fosters innovation within the ecosystem. Despite these strides, SOL may revisit support at $136 or lower if momentum wanes.
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