Is Solana poised to regain competitive edge as markets digest Trump’s push to replace Fed Chair Powell?

Solana’s price has extended its rally, trading above 140 USD amid a broader market uplift. The recent attack on Fed Chair Powell by President Trump has contributed to fluctuations in market sentiment, pushing cryptocurrencies higher as investors pivot away from the weakening US Dollar.

Technical indicators show bullish signals for Solana, with the potential to reach 174 USD. However, traders should remain cautious of market dynamics influenced by global economic conditions and seek to manage risks effectively.