SOL’s price has bounced 36% from a low of 155 USD, with technical patterns suggesting a breakthrough above resistance levels between 210 USD and 250 USD. This sets the stage for a potential move toward a 1,000 USD target.
Record open interest of 13 billion USD indicates strong bullish sentiment among traders. However, declining on-chain metrics, including reduced transaction counts and fewer active addresses, may curb further gains for SOL.
Leave a Reply