Solana Price Prediction: Bulls Hold $222 Support as Derivatives Activity Soars
- Solana consolidates near $228.90 with strong EMA support and bullish setup.
- Futures open interest hits $14.64B, signaling rising speculation and volatility.
- Spot outflows of $110M indicate profit-taking amid recovery from recent lows.
Solana has staged a strong comeback following its sharp correction, with the price stabilizing near $228.90. Traders are watching closely as the token consolidates after rebounding from a steep drop earlier in the week. With momentum building and futures activity hitting record highs, Solana now sits at a crucial juncture that could shape its short-term trajectory.
Technical Setup Shows Resilience
Solana’s rebound has been supported by a favorable technical setup. The recovery above the $230 zone, aligned with the 0.618 Fibonacci retracement, has provided a key continuation signal. Moreover, exponential moving averages are stacke…
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Solana Price Prediction: Bulls Hold $222 Support as Derivatives Activity Soars
- Solana consolidates near $228.90 with strong EMA support and bullish setup.
- Futures open interest hits $14.64B, signaling rising speculation and volatility.
- Spot outflows of $110M indicate profit-taking amid recovery from recent lows.
Solana has staged a strong comeback following its sharp correction, with the price stabilizing near $228.90. Traders are watching closely as the token consolidates after rebounding from a steep drop earlier in the week. With momentum building and futures activity hitting record highs, Solana now sits at a crucial juncture that could shape its short-term trajectory.
Technical Setup Shows Resilience
Solana’s rebound has been supported by a favorable technical setup. The recovery above the $230 zone, aligned with the 0.618 Fibonacci retracement, has provided a key continuation signal. Moreover, exponential moving averages are stacke…
Read The Full Article Solana Price Prediction: Bulls Hold $222 Support as Derivatives Activity Soars On Coin Edition.
Read More