As of September 16, 2023, SOL is trading at 232.11 USD, exhibiting notable price fluctuations. Within this period, it has tested the 230 USD and 238 USD levels, indicating a stable market presence.
Analyst Altcoin Sherpa advocates for SOL and BNB over ETH, attributing this to favorable market structures for SOL. He observes that both SOL and BNB could outperform if BTC maintains a positive trajectory.
The technical analysis reveals SOL’s trading range between 230.13 USD and 238.09 USD over recent days, supported by vigorous buying around the 233-234 USD area. The market appears to require further momentum for substantial advances.
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