Solana bulls are hopeful of hitting $300, driven by whale buying behavior, specifically an investment of 11.68 million USDC for 28,390 SOL. This has sparked discussions regarding future price movements.
Currently, Solana faces a resistance range of $222 to $230. Breakthroughs above this level could pave the way for further advances toward $263 and ultimately $300, but traders must remain cautious.
The intense leverage in the futures market raises concerns about heightened volatility and potential liquidations. With protective levels established at $188 and $183, traders need to manage risks carefully.
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