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TheNewsCrypto

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Solana’s Volume Surge and $176 Price Mark Paint a Bullish Picture—But There’s a Catch

  • Solana has been following a bullish trend since April 2025, with the price rising from $100 to $176.18, indicating possible breakout or correction ahead.
  • The RSI is at 61.87 and a narrowing MACD gap suggests sustained momentum. Solana's strong position as the sixth-largest cryptocurrency is supported by good liquidity and trading volume growth.
  • Solana's current price is at $176.18 with a market cap of $91.62 billion and a fully diluted valuation of $105.92 billion. The trading volume has increased by 58.69% in the past day, showing good liquidity.
  • Technical analysis using RSI and MACD indicators indicates a moderate bullish momentum. Solana's price action aligns with the regression channel and maintaining it within this channel will be crucial for the bullish trajectory.

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