Solana’s price struggles to break above the $200 threshold despite strong network growth highlighted by stablecoins on its platform reaching an all-time high of $16.25 billion. The recent Bitwise Solana Staking ETF attracted $116 million in just two sessions, yet the broader market conditions continue to weigh on price momentum. Technical indicators show a potential bullish reversal with support found between $180 and $185 and upward momentum challenging the $196 resistance. If these levels hold, Solana could target $205 and beyond. In parallel, the memecoin sector evolves with Maxi Doge emerging as a notable contender on Ethereum, offering attractive staking rewards and significant investor interest.
Continue to read Solana Faces Price Resistance Near $200 Despite Network Expansion and ETF Inflows
Solana’s price struggles to break above the $200 threshold despite strong network growth highlighted by stablecoins on its platform reaching an all-time high of $16.25 billion. The recent Bitwise Solana Staking ETF attracted $116 million in just two sessions, yet the broader market conditions continue to weigh on price momentum. Technical indicators show a potential bullish reversal with support found between $180 and $185 and upward momentum challenging the $196 resistance. If these levels hold, Solana could target $205 and beyond. In parallel, the memecoin sector evolves with Maxi Doge emerging as a notable contender on Ethereum, offering attractive staking rewards and significant investor interest.
Continue to read Solana Faces Price Resistance Near $200 Despite Network Expansion and ETF Inflows
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