Currently, 60.71% of top traders are holding long positions in SOL, reflecting a confident sentiment in the market. Despite recent fluctuations and a $9.50 million inflow into exchanges, traders remain bullish on the cryptocurrency’s potential.
Solana’s price must close above $196 for a bullish breakout towards $233. This pattern hinges on ETF approvals, which historically have spurred interest similar to Bitcoin’s past, suggesting significant shifts in market dynamics ahead.
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