A shift to bullish sentiment is evident among retail and institutional traders. With 74.83% of positions long on Binance, confidence in Solana is strong. Funding rates for SOL contracts reinforce stable conditions, avoiding excessive leverage.
Despite positive signs, Solana’s price remains range-bound between 140 and 152 USD. A breakout requires reclaiming the Bollinger mid-band at 152 USD. Failure to do so may result in a price correction.
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