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Are Solana Technical Indicators Pointing to a Bullish Rally?

  • Solana (SOL) trading at $179 with increased trading volume.
  • The $179 support level aligns with the 61.8% Fibonacci retracement zone, indicating potential upward movement with bullish targets at $254.35, $302.02, and $345.76.
  • Whale transfers and increased derivatives trading on Binance suggest potential market impacts and uncertainty.
  • MVRV ratio reflects a neutral-to-bullish trend, indicating investor profitability and ongoing recovery.

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