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Bitcoinsensus

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Solana Price Tests Resistance After Trendline Break: What Comes Next?

  • Solana's price trend turned bullish after breaking a descending trendline, but challenges like low volume and macro factors persist.
  • Solana's value is up at $151.77 with a 2.14% increase in the last 24 hours, facing the possibility of reaching near $160 levels.
  • Macro risks such as global uncertainties and potential changes in U.S. interest rates could impact Solana's price rally.
  • Data suggests Solana whales might be adjusting their positions, with a recent stake transfer to Binance indicating a potential shift in investor activity.

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