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Solana Shows Signs of Stabilization Amidst Price Fluctuations

  • Solana (SOL) has experienced price fluctuations but shows signs of stabilization.
  • The recent pullback aligns with the 61.8% Fibonacci retracement level, suggesting a possible price reversal.
  • On-chain data reflects mixed sentiment, with funding rates turning negative but top traders remaining bullish.
  • Solana's network activity remains strong, with high total value locked and daily transaction volume.

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